Revealed Preferences and the Power of Substitutes

Part of the Green Energy and Technology book series (GREEN)


Liquid biofuels—ethanol and biodiesel—are widely recognized, technically feasible alternatives to fossil fuels. Even as the jury is out to determine the environmental footprint of biofuels, the surrounding frenzy has often led to the announcement of unsustainable support prices for feedstock and unviable procurement prices for the finished product. Taking on from the discussion on scarcity in the previous chapter, this chapter makes a detailed assessment of incentive structures facing agriculturists, refiners and the consumers. Data from the Indian market are employed to illustrate the power of substitutes.


Sweet Sorghum Retail Price Cellulosic Ethanol Retail Prex International Energy Agency 
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Copyright information

© Springer-Verlag London Limited 2011

Authors and Affiliations

  1. 1.Verdurous Solutions Private LimitedKuvempunagar, MysoreIndia

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