BAHEL, Eric A.; MARROUCH, Walid; GAUDET, Gérard - Département de Sciences Économiques, Université de … - 2011
We study the effects on the food market of the introduction of biofuels as a substitute for fossil fuel in the energy market. We consider a world economy with an oil cartel and a competitive fringe of farmers producing energy in the form of biofuels. Farmers also produce food and sell it on the...
