Article Dans Une Revue Journal of Agricultural and Resource Economics Année : 2010

On the (de) stabilisation effects of biofuels: the relative contributions of market forces and policy instruments

Résumé

Ethanol production has recently surged in response to biofuel policies and increased fossil oil prices. We develop a partial equilibrium model focused on U.S. corn-based ethanol production with downside risk-averse farmers to assess the consequences of ethanol production on agricultural volatility. We report substantial effects on the distribution of corn prices with increases in the variance of prices received by farmers. Risk-averse corn farmers still benefit due to the higher mean price effect. From a methodological perspective, this analysis reveals that downside risk aversion may be important.

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Dates et versions

hal-01172973 , version 1 (07-07-2015)

Identifiants

  • HAL Id : hal-01172973 , version 1
  • PRODINRA : 38786
  • WOS : 000276887000005

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Alexandre Gohin, David Treguer. On the (de) stabilisation effects of biofuels: the relative contributions of market forces and policy instruments. Journal of Agricultural and Resource Economics, 2010, 35 (1), pp.72-86. ⟨hal-01172973⟩
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