文章基本信息

标题：A Welfare Analysis of the U.S. Ethanol Subsidy
本地全文：下载
作者：Du, Xiaodong ; Hayes, Dermot J. ; Baker, Mindy L. 等
期刊名称：Journal of Food Distribution Research
印刷版ISSN：0047-245X
出版年度：2008
卷号：39
期号：11
出版社：Food Distribution Research Society
摘要：Based on a transparent analytical model of multiple markets including corn, ethanol, gasoline, and transportation fuel, this study estimates the welfare changes for consumers and producers resulting from ethanol production and related support polices in 2007. The welfare estimation takes into account the second-best gain from eliminating loan deficiency payments. The results suggest the total social cost is about $0.78 billion for given market parameters. We validate the model’s underlying assumption and test for the results’ sensitivity to assumed parameters.
关键词：consumer surplus;deadweight loss;ethanol;subsidy;substitution