University of Munich / Penn State College of Agricultural Sciences / International Food Policy Research Institute / Ifo Institute / Stockholm University / Leibniz Institute / /
IndustryTerm
green energy sources / oil crisis / energy production / marginal utilities / energy markets / oil price / fossil technology / food price falls / energy needs / energy input / food purchases / backstop technology / manufacturing sector / food-fuel competition / planner solution / monthly oil / increased food-fuel competition / Manufacturing output / food changes / marginal products / food prices / fossil energy price / energy use / solar energy / energy input stems / food price / energy prices / oil / oil prices / manufacturing goods / energy services / fossil energy / energy content / fossil fuel technology / food / energy / /
Organization
Stockholm University / Leibniz Institute for Economic Research / College of Agricultural Sciences / National Corn Growers Association / Ifo Institute / International Food Policy Research Institute / University of Munich / /
Person
Wolfgang Meister / Bt / Per Krusell / Rick van der Ploeg / Julio Saavedra / /
The Fossil Episode John Hassleryand Hans-Werner Sinnz Abstract We build a two-sector dynamic general equilibrium model with one-sided substitutability between fossil carbon and biocarbon. One shock only, the discovery of