Lundberg, Liv; Jonson, Emma; Lindgren, Kristian; … - In: Journal of Economic Dynamics and Control 53 (2015) C, pp. 1-14
We present a model of interacting cobweb markets and apply it to land-use competition between food and bioenergy crops. In our model the markets are interlinked on the supply side by the limited availability of land. Therefore, instabilities are transferred between the markets and we find that...