Chenphuengpawn, Jirath - In: Applied Economics Journal 19 (2012) 1, pp. 1-23
When a market for biodiesel B5 occurred in 2006, the government set a retail price for biodiesel B5, which was subsidized by oil taxes and the oil fund of high speed diesel. This paper evaluates the economic loss from such cross-price subsidy policy. The variation in demand and supply in the...