We explore the impact of multilateral liberalization, with emphasison distributional effects across countries. We first develop a realistic base1ine that takes into account events such as the entry of China into the WTO and the enlargement of the EU, allowing us to focus on those effects that...

This article assesses the implications of the EU Biofuels Directive (BFD) using a computable general equilibrium framework with endogenous land supply. The results show that, without policy intervention to stimulate the use of biofuel crops, the targets of the BFD will not be met. With the BFD,...