Drabik, Dusan; Ciaian, Pavel; Pokrivcak, Jan - LICOS Centre for Institutions and Economic Performance, … - 2014
This is the first paper to analyze the impact of biofuels on the price transmission along the food chain. We analyze … the U.S. corn sector and its vertical links with food and ethanol (energy) markets. We find that biofuels affect the price … markets is lower in the presence of biofuels. Finally, the sensitivity analyses indicate that our results are robust to …