Biomass for food or fuel : technology, food security and climate externality

• Main Authors: Ho, Jie Jia, Lee, Yi Ting, Ong, Li Ting
• Other Authors: Chang Youngho
• Format: Final Year Project
• Language: English
• Published: 2014
• Subjects: DRNTU::Social sciences::Economic theory::Microeconomics
• Online Access: http://hdl.handle.net/10356/59077
• Institution: Nanyang Technological University

This study develops a utility model that maximizes social welfare. We solve this social planner problem to obtain the optimal allocation of biomass between food and fuel and evaluate the impact of technology. A minimum food mandate is then considered in relation to the controversial issue of food se...