Blending under uncertainty: Real options analysis of ethanol plants and biofuels mandates
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DOI: 10.1016/j.eneco.2016.11.007
Abstract: The value of a representative ethanol producer, that benefits from both low and high gasoline prices in the short-run, is modeled. Ethanol producers make a modest competitive profit in the mandate-induced region of production. A… read more here.
Keywords: blending uncertainty; ethanol producers; value; real options ... See more keywords