New study highlights environmental, economic shortcomings of federal biofuel laws: Econ... - 1 views
-
svikene on 18 Oct 15Market failure in the fuel market led to government intervention, in order to decrease the consumption of fossil fuels. The marginal social benefit would hopefully be reached by this, but the government intervention did not go as planned. Supporting certain biofuel producers caused a decrease in production of other biofuels, resulting in little change in the fuel market after all.