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Who Did the Ethanol Tax Credit Benefit? An Event Analysis of Subsidy Incidence

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NBER2016-02-01 更新2025-01-04 收录
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Using commodity futures contract and spot prices, we estimate the incidence of the US ethanol subsidy accruing to corn farmers, ethanol producers, gasoline blenders, and gasoline consumers at expiration in 2011. We find compelling evidence that ethanol producers captured two-thirds of the subsidy,

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2016-02-01
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