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We present a new framework to identify demand and supply elasticities of agricultural commodities using yield shocks … - deviations from a time trend of output per area, which are predominantly caused by weather fluctuations. Demand is identified … recycled as feed stock for livestock, the predicted price increase scales back to 20 percent. While commodity demand is …
Persistent link: https://www.econbiz.de/10013038890
Generating electricity from renewable sources is more expensive than conventional approaches, but reduces pollution externalities. Analyzing the tradeoff is much more challenging than often presumed, because the value of electricity is extremely dependent on the time and location at which it is...
Persistent link: https://www.econbiz.de/10013117204
biofuel policies operates in part through market expectations and shifts in storage demand, yet to date it has proved …, raising ethanol storage demand starting and causing an increase in the price of ethanol. There is no conclusive evidence that … and hence to the storage demand for corn in 2005-06 …
Persistent link: https://www.econbiz.de/10012948440
Agricultural and energy commodity prices have traditionally exhibited relatively low correlation. However, recent increases in biofuel production have altered the agriculture-energy relationship in a fundamental way. This increase has drawn on corn previously sold to other uses, as well as...
Persistent link: https://www.econbiz.de/10013038238
Increased global demand for biofuels is placing increased pressure on agricultural systems at a time when traditional …
Persistent link: https://www.econbiz.de/10013038332
A growing body of economics research projects the effects of global climate change on economic outcomes. Climate scientists often criticize these articles because nearly all ignore the well-established uncertainty in future temperature and rainfall changes, and therefore appear likely to have...
Persistent link: https://www.econbiz.de/10013067961
We examine the supply-side and demand-side determinants of global bilateral food aid shipments between 1971 and 2008 …
Persistent link: https://www.econbiz.de/10013068872
Much of Africa has not yet gone through a quot;demographic transitionquot; to reduced mortality and fertility rates …
Persistent link: https://www.econbiz.de/10012752005
We model the decisions of a multi-product firm that faces a fixed "menu" cost: once it is paid, the firm can adjust the price of all its products. We characterize analytically the steady state firm's decisions in terms of the structural parameters: the variability of the flexible prices, the...
Persistent link: https://www.econbiz.de/10013108604
For centuries, most international trade involved an exchange of complete goods. But, with recent improvements in transportation and communications technology, it increasingly entails different countries adding value to global supply chains, or what might be called quot;trade in tasks.quot; We...
Persistent link: https://www.econbiz.de/10012779022