Bandyopadhyay, Subhayu - 2013
not available as a policy option, a second-best biofuel subsidy may or may not be positive. In the large-country case, the … subsidy for the food exporter. Finally, we show that when both nations engage in biofuel policies, the terms-of-trade effects … encourage the Nash equilibrium subsidy to be positive (negative) for the food exporting (importing) nation …