| 000 | 02363nab a2200301 c 4500 | ||
|---|---|---|---|
| 999 |
_c138088 _d138088 |
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| 003 | ES-MaIEF | ||
| 005 | 20221213151320.0 | ||
| 007 | t| | ||
| 008 | 180523s2018 ne ||||| |||| 00| 0|eng d | ||
| 040 |
_aES-MaIEF _bspa _cES-MaIEF |
||
| 041 | _aeng | ||
| 100 | 1 |
_966148 _aBielen, David A. |
|
| 245 | 0 |
_aWho did the ethanol tax credit benefit? _ban event analysis of subsidy |
|
| 260 | _c2018 | ||
| 500 | _aDisponible únicamente en formato electrónico a través de la Biblioteca del IEF. | ||
| 500 | _aResumen. | ||
| 504 | _aBibliografía. | ||
| 520 | _aAt the end of 2011, the Volumetric Ethanol Excise Tax Credit (VEETC), which had subsidized the blending of ethanol in gasoline, was allowed to expire. During its tenure, the subsidy was the subject of intense scrutiny concerning who benefited from its existence. Using commodity price data, we estimate the subsidy incidence accruing to corn farmers, ethanol producers, gasoline blenders, and gasoline consumers around the time of expiration. Our empirical approach contributes methodologically to the event studies literature by analyzing futures contract prices (as opposed to spot prices) when possible. Ultimately, we find compelling evidence that, at the date of VEETC expiration, ethanol producers captured about 25¢ of the 45¢ subsidy per gallon of ethanol blended. We find suggestive, albeit inconclusive, evidence that a portion of this benefit (about 5¢ per gallon) was passed further upstream from ethanol producers to corn farmers. Most of the remainder seems most likely to have been captured by the blenders themselves. On the petroleum side, we find no evidence that oil refiners captured any part of the subsidy. We also find no evidence that the subsidy was passed downstream to gasoline consumers in the form of lower gasoline prices. | ||
| 650 | 4 |
_919131 _aALCOHOL |
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| 650 | 4 |
_947460 _aIMPUESTOS |
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| 650 | 4 |
_947462 _aINCENTIVOS FISCALES |
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| 650 | 4 |
_948092 _aPRECIOS |
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| 700 | 1 |
_931226 _aNewell, Richard G. |
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| 700 |
_951531 _aPizer, William Aaron |
||
| 773 | 0 |
_9156269 _oOP 730/2018/161 _tJournal of Public Economics _w(IEF)51900 _x 0047-2727 _g n. 161, 2018, p. 1-14 |
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| 856 | _uhttps://ac.els-cdn.com/S0047272718300458/1-s2.0-S0047272718300458-main.pdf?_tid=b8594872-5693-4aaf-9fc4-c33169e0243e&acdnat=1527072829_d75480756934fc7af576342af3fb2e3d | ||
| 942 | _cART | ||