tag:blogger.com,1999:blog-9437268.post1587398716321723310..comments2024-02-03T07:12:06.620-05:00Comments on U.S. Food Policy: How much would a change in ethanol policy affect corn prices?usfoodpolicyhttp://www.blogger.com/profile/17098394318544229984noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-9437268.post-7692875264865427962008-06-24T13:38:00.000-04:002008-06-24T13:38:00.000-04:00Interesting, but start with:ln(y) = f( ln(w) , ln(...Interesting, but start with:<BR/><BR/>ln(y) = f( ln(w) , ln(x) , ln(z))<BR/><BR/>The three policies may interact.gusfoodpolicyhttps://www.blogger.com/profile/17098394318544229984noreply@blogger.comtag:blogger.com,1999:blog-9437268.post-299976397401559872008-06-23T23:57:00.000-04:002008-06-23T23:57:00.000-04:00"Eliminating any one of the policies would reduce ..."Eliminating any one of the policies would reduce average corn prices by less than 4%. Removal of all three programs would decrease average corn prices by 14.5%."<BR/><BR/>This is the new math, right?<BR/><BR/>Eq. 1: 3x = 14.5<BR/>Eq. 2: x < 4<BR/><BR/>Solve simulataneously, even assuming no covariance.Ken Houghtonhttps://www.blogger.com/profile/01440837287933536370noreply@blogger.com