Despite a large number of studies that examine the influence of biofuels and biofuel policy on commodity prices, the impact of biofuel policy on commodity price variability is poorly understood. A good understanding of biofuel policy's impact on price variability is important for mitigating food...

Mathematical programming models are widely used in agricultural sector analysis. Lack of micro-level data and computational reasons necessitate aggregation of individual producers into regional representative units when working at sectoral level. This usually leads to unrealistic and extreme...