Abstract
Fuel-ethanol expansion contributed to the recent volatility in agricultural commodity prices, causing a price bubble. Results indicate decentralized competitive markets will mitigate any persistent price volatility. Policies should then be directed toward preventing the occurrence of price bubbles and, if they do occur, diminishing their magnitude.
About this chapter
Cite this chapter as:
Zibin Zhang, Michael Wetzstein ;Food Before Fuel: Issues and Price Effect, The Economics of Alternative Energy Sources and Globalization (2011) 1: 109. https://doi.org/10.2174/978160805233211101010109
DOI https://doi.org/10.2174/978160805233211101010109 |
Publisher Name Bentham Science Publisher |