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Table of contents (14 chapters)
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Front Matter
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Back Matter
About this book
Reviews
“This book provides an excellent perspective of biofuel policies and their impact on commodity prices. It is well written and provides a notes section that is also a very good source of information on the ebbs and flows of biofuel policy. The list of references used in the book is a must have for individuals studying biofuel policy. We highly recommend this book to those interested in energy policy and its potential ties to agricultural markets.” (Umama Rahman, Evan Markel and Burton C. English, Australian Journal of Agricultural and Resource Economics, Vol. 61 (2), 2017)
"Confused about the reasons for recent spikes in food prices and their continued volatility? Are droughts and floods the problem? New financial speculation made possible by commodity index funds and derivatives? Perhaps bio-fuel policies, which seemed so promising in the early 2000s when cereal prices were at historic lows, but which are now thought by some to be a serious threat to food security. This book provides the answers with an innovative analytical model of food price formation and the detailed institutional and market empirics needed to clarify the cacophony of messages from a very confused and inward looking agricultural economics profession. Bio-fuel policies are indeed the problem." - Peter Timmer, Thomas D. Cabot Professor of Development Studies, Emeritus, Harvard University, USA"De Gorter, Drabik, and Just have produced a remarkable book that identifies the key role biofuel support policies play in the dynamics of grain and oilseed prices. This time was different, they conclude, in a refreshing new look at what has roiled agricultural commodity markets in recent years. The thesis is plausible, its articulation deliberately provocative, and some of the conclusions tantalizing. This timely book is a must-read for all economists and policy makers interested in this controversial subject." - GianCarlo Moschini, Professor and Pioneer Chair, Department of Economics, Iowa State University, USA
"Biofuel policies in the new Millennium have altered the economics of agricultural commodity and energy markets. This well-written and informative book provides unique insights into the workings of the biofuels sectors of the United States, Europe and Brazil. The authors present a penetrating economic analysis essential for understanding the implications and limitations of the biofuel revolution. It is a must-read for students of the bioeconomy." - David Zilberman, Professor and Robinson Chair, Department of Agricultural and Resource Economics, University of California - Berkeley, USA
"The past decade has transformed the discussions on agriculture, public policies and food security. A key and highly controversial issue was the role that biofuels played in the spike and volatility of global food prices. This book makes a unique contribution by providing a carefully documented economic history of biofuel policies and food prices over the past decade and by developing new models and an elaborate economic analysis to understand the relationship between food and fuel which will continue to be of great importance in the years to come. It is a must read for anybody interested in agriculture, energy and food security and of great use for policy-makers, researchers, and academic classrooms." - Jo Swinnen, Professor, Faculty of Economics and Business; Director, LICOS Centre for Institutions and Economic Performance, Katholieke Universiteit Leuven, Belgium
About the authors
Harry de Gorter is Professor in the Charles H. Dyson School of Applied Economics and Management, Cornell University, USA. His research focus is on agricultural trade policy and much of his recent work has been on biofuels and agricultural trade reform and the Doha Development Agenda, especially the impact of subsidies and protection on developing countries.
Dusan Drabik is Assistant Professor of Agricultural Economics at Wageningen University, the Netherlands, and Research Associate at LICOS Centre for Institutions and Economic Performance, University of Leuven, Belgium. In his recent work, Drabik has analyzed the market and environmental effects of alternative biofuel policies in the United States, the European Union and developing countries.
David R. Just is Professor in the Charles H. Dyson School of Applied Economics and Management, Cornell University, USA, and Director of the Cornell Center for Behavioral Economics in Child Nutrition Programs. Just uses the tools of psychology and economics to examine how individuals approach various choices. His research has been published in scores of research articles, winning wide recognition both among academics and within the popular press.
Bibliographic Information
Book Title: The Economics of Biofuel Policies
Book Subtitle: Impacts on Price Volatility in Grain and Oilseed Markets
Authors: Harry Gorter, Dusan Drabik, David R. Just
Series Title: Palgrave Studies in Agricultural Economics and Food Policy
DOI: https://doi.org/10.1057/9781137414854
Publisher: Palgrave Macmillan New York
eBook Packages: Palgrave Economics & Finance Collection, Economics and Finance (R0)
Copyright Information: Harry de Gorter, Dusan Drabik, and David R. Just 2015
Hardcover ISBN: 978-1-137-41484-7Published: 09 April 2015
Softcover ISBN: 978-1-349-49041-7Published: 09 April 2015
eBook ISBN: 978-1-137-41485-4Published: 09 April 2015
Series ISSN: 2662-3889
Series E-ISSN: 2662-3897
Edition Number: 1
Number of Pages: XXX, 282
Number of Illustrations: 45 b/w illustrations
Topics: Industrial Organization, Economic Policy, Environmental Politics, Energy Policy, Economics and Management, Industries, Microeconomics