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Frontiers of Economics in China

ISSN 1673-3444

ISSN 1673-3568(Online)

CN 11-5744/F

Postal Subscription Code 80-978

Front. Econ. China    2014, Vol. 9 Issue (1) : 52-69    https://doi.org/10.3868/s060-003-014-0004-8
research-article |
Land Allocation between Food and Energy
Ujjayant Chakravorty1(),Marie-Helene Hubert2(),Michel Moreaux3()
1. Department of Economics, Tufts University, Medford, MA 02155-6722, USA
2. CREM, University of Rennes I, 35042 Rennes Cedex 7, France
3. Toulouse School of Economics, 31015 Toulouse Cedex 6, France
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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      food      energy      land allocation      mandate     
Issue Date: 16 May 2014
 Cite this article:   
Ujjayant Chakravorty,Marie-Helene Hubert,Michel Moreaux. Land Allocation between Food and Energy[J]. Front. Econ. China, 2014, 9(1): 52-69.
 URL:  
http://academic.hep.com.cn/fec/EN/10.3868/s060-003-014-0004-8
http://academic.hep.com.cn/fec/EN/Y2014/V9/I1/52
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