Hochman, Gal; Kaplan, Scott; Rajagopal, Deepak; … - In: Agriculture 2 (2012) 3, pp. 272-281
this gap, and then show that although biofuel was an important contributor to the recent food-price inflation of 2001 …–2008, its effect on food-commodity prices declined after the recession of 2008/09. We also show that the introduction of cross-price … elasticity is important when explaining soybean price, but less so when explaining corn prices. …