The Effect of Biofuels on Crude Oil Markets

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The Effect of Biofuels on Crude Oil Markets

Please use this identifier to cite or link to this item: http://hdl.handle.net/10355/8015

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Title: The Effect of Biofuels on Crude Oil Markets
Author: Hochman, Gal; Rajagopal, Deepak; Zilberman, David, 1947-
Date: 2010-07
Publisher: AgBioForum
Citation: AgBioForum, 13(2) 2010: 112-118.
Abstract: To quantify the effect of biofuel on global oil markets, we extend the optimal export tax model to the global fuel market (henceforth, denoted as the Cartel-of-Nations model), recognizing that crude oil extraction and production are concentrated in a few countries (namely, the Organization of the Petroleum Exporting Countries), and that there is a wedge between fuel prices in oil-exporting and oil-importing countries. We calibrate the Cartel-of-Nations model to include biofuel using 2007 data.
URI: http://hdl.handle.net/10355/8015
ISSN: 1522-936X

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