Bioenergy - EPPA
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|Massachusetts Institute of Technology (MIT), USA, https://globalchange.mit.edu/.
|General equilibrium (closed economy)
Bio-energy is derived from various crops, with the output levels determined by factor productivities and ultimately, land-use patterns, and ultimately the available land endowment. The supply of bio-energy is also limited by different types of resource competition, including those coming from meeting the food demand and from capital and labor that could be used in other sectors to seek higher returns.