Land Allocation between Food and Energy

Ujjayant Chakravorty (), Marie-Hélène Hubert and Michel Moreaux

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Abstract: Many countries are promoting biofuels as a substitute for scarce oil. This paper develops a dynamic model of land allocation between food and energy and shows how the model can be calibrated using standard optimization techniques. Some possible implications of the trade-offs between food and energy are discussed. Specifically, we show that the effect of mandates is mainly felt through increased land conversion, which increases indirect carbon emissions. Crude oil prices do not decrease significantly because of leakages.

Keywords: biofuel; mandate; land allocation; energy; food (search for similar items in EconPapers)
Date: 2014
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-01117644v1
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Published in Frontiers of Economics in China, 2014, 9 (1), pp.52-69. ⟨10.3868/s060-003-014-0004-8⟩

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Journal Article: Land Allocation between Food and Energy (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-01117644

DOI: 10.3868/s060-003-014-0004-8

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