BAHEL, Eric; MARROUCH, Walid; GAUDET, Gérard - Centre Interuniversitaire de Recherche en Économie … - 2011
We study the effects on the food market of the introduction of biofuels as a substitute for fossil fuel in the energy … biofuels. Farmers also produce food and sell it on the world food market. We determine the resulting relationship between … prices in the energy and food markets and characterize the cartel's extraction path and the price path of energy. We show …