Bai, Yun; Ouyang, Yanfeng; Pang, Jong-Shi - In: Energy Economics 34 (2012) 5, pp. 1623-1633
The rapid expansion of the biofuel industry diverts a large amount of agricultural crops as energy feedstocks, and in turn affects farm land allocation, feedstock market equilibrium, and agricultural economic development in local areas. In this paper, we propose game-theoretic models that...