Mallory, M.; Hayes, Dermot J.; Babcock, Bruce A. - Department of Economics, Iowa State University - 2011
This paper examines the role of uncertaincrude oil prices, uncertain crop yields, andcompetition for acreage on corn, soybean, andswitchgrass prices under biofuel production mandates.We find enforcement of the cellulosic mandateis costly in that it raises equilibrium prices of all threecrops...