The Pass-Through of RIN Prices to Wholesale and Retail Fuels under the Renewable Fuel Standard
The US Renewable Fuel Standard (RFS) requires blending increasing quantities of biofuels into the surface vehicle fuel supply. The RFS requirements are met through a system of tradable permits called Renewable (fuel) Identification Numbers, or RINs. We exploit the large fluctuations in RIN prices du...
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Format: | Article |
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University of Chicago Press
2019
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Online Access: | http://hdl.handle.net/1721.1/120581 https://orcid.org/0000-0002-7654-8641 |