Abstract
ABSTRACTThis paper investigates the government’s optimal subsidy provision strategy for a biomass energy supply chain that consists of the power plant, the villagers’ committee and farmer. We examine three possible subsidy provision strategies depending on which party (the power plant, the villagers’ committee or the farmer) the government chooses to subsidise, and compare how it can influence the government’s target by assuming that the subsidy price is exogenously given. We also extend our findings when the government can endogenously determine the subsidy price. Moreover, our analyses reveal the optimal stakeholder selection strategy for each party to maximise its payoff.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.