For two decades, the Thai government has been promoting ethanol and biodiesel consumption through tax measures price subsidies. Although this policy substantially increased production of biofuels, there is concern regarding its future fiscal burden. Due to constraints, planned completely terminate biofuel subsidy by 2022. This study aims at examining economy-wide impacts removing also conductin...

The Hahn–Banach Theorem plays a crucial role in the second fundamental theorem of welfare economics. To date, all mathematical economics and advanced general equilibrium textbooks concentrate on using non-constructive or incomputable versions of this celebrated theorem. In this paper we argue for the introduction of constructive or computable Hahn–Banach theorems in mathematical economics and a...

Advances in theoretical and computable general equilibrium modeling brought their conceptual foundations in line with standard microeconomic constructs. This reduced the theoretical and empirical gap between welfare measurements using a partial or a general equilibrium approach. However, the separation of the partial and general equilibrium literatures lingers in many applications which this ma...