The world's rush to embrace biofuels is causing a spike in the price of corn and other crops and could worsen water shortages and force poor communities off their land, a U.N. official said Wednesday.
D'oh.
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January 25, 2008
A quick example of the perils of ignoring substitution effects
Posted by Tim Haab on January 25, 2008 at 01:01 PM in Energy Resources, Microeconomics | Permalink
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