The Effect of Biodiesel Policies on World Biodiesel and Oilseed Prices

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dc.creatorDrabik, Dusan
dc.creatorde Gorter, Harry
dc.creatorTimilsina, Govinda R.
dc.date2014-12-15T23:15:15Z
dc.date2014-12-15T23:15:15Z
dc.date2014-07
dc.date.accessioned2026-07-01T00:47:45Z
dc.descriptionA theoretical and empirical model is developed to analyze the effect of a biodiesel mandate, a tax exemption (tax credit) and an exogenous diesel price shock on world soybean and canola markets. The jointness in crushing oil and meal from the oilseed reduces the size of the link between biodiesel and oilseed prices. A diesel price shock with a mandate results in a smaller change in oilseed prices compared with a tax exemption. Higher diesel prices increase biodiesel prices under a tax exemption but lower them with a blend mandate. When both canola and soybeans are used to produce biodiesel, an increase in the diesel price leads to higher canola prices, but the effect on soybean prices is ambiguous and depends on relative elasticities of meal demand and canola supply because canola produces more oil than soybeans.
dc.formatapplication/pdf
dc.identifierEnergy Economics
dc.identifier0140-9883
dc.identifierhttps://hdl.handle.net/10986/20718
dc.identifier10.1596/20718
dc.identifier.urihttp://hdl.handle.net/123456789/411117
dc.languageen_US
dc.publisherElsevier
dc.rightsCC BY-NC-ND 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by-nc-nd/3.0/igo
dc.rightsWorld Bank
dc.subjectBiodiesel policies
dc.subjectSoybean
dc.subjectCanola
dc.subjectPrice of oilseed oil
dc.titleThe Effect of Biodiesel Policies on World Biodiesel and Oilseed Prices
dc.typeJournal Article
dc.typeArticle de journal
dc.typeArtículo de revista

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