The economics of oil, biofuel and food commodities
We study the effects on the food price of introducing biofuels as a substitute for fossil fuel in the energy market. Energy is supplied by a price-leading oil cartel and a competitive fringe of farmers producing biofuel. Biofuel production shares a finite land resource with food production. A positi...
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| Format: | article |
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2013
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| Online Access: | http://hdl.handle.net/10725/2975 http://dx.doi.org/10.1016/j.reseneeco.2013.02.005 http://www.sciencedirect.com/science/article/pii/S0928765513000195 |
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