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Impacts of flexible-fuel vehicles on Brazil's fuel markets
Descriptive
TitleInfo
Title
Impacts of flexible-fuel vehicles on Brazil's fuel markets
Name
(type = personal)
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(type = family)
He
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(type = given)
Yifan
NamePart
(type = date)
1988-
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YIFAN HE
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RoleTerm
(authority = RULIB)
author
Name
(type = personal)
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(type = family)
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CARL E.
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CARL E. PRAY
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Advisory Committee
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chair
Name
(type = personal)
NamePart
(type = family)
Jin
NamePart
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Yanhong
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Yanhong Jin
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Advisory Committee
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internal member
Name
(type = personal)
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(type = family)
Hochman
NamePart
(type = given)
Gal
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Gal Hochman
Affiliation
Advisory Committee
Role
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(authority = RULIB)
internal member
Name
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NamePart
Rutgers University
Role
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(authority = RULIB)
degree grantor
Name
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NamePart
Graduate School - New Brunswick
Role
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(authority = RULIB)
school
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Text
Genre
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theses
OriginInfo
DateCreated
(qualifier = exact)
2013
DateOther
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(type = degree)
2013-10
Place
PlaceTerm
(type = code)
xx
Language
LanguageTerm
(authority = ISO639-2b);
(type = code)
eng
Abstract
(type = abstract)
Ethanol is a green and environmental-friend fuel, which has been one of the most important fuels for Brazil’s drivers for decades. Brazil has a strong and booming ethanol industry. Brazil’s consumers are able to switch between ethanol and gasoline since the introduction of flex-fuel vehicles in March 2003, which alters both ethanol and gasoline markets. This paper’s objectives are specified as follows: a. Estimate the demand elasticity of ethanol, cross demand elasticity of ethanol to gasoline/sugar, the income elasticity of ethanol, the demand elasticity of ethanol to fleet; b. Estimate the elasticities before and after the introduction of flex-fuel vehicles, and test if there is a significant difference between two periods; c. Analyze the reasons for such differences as well as provide policy implications. 3-stage Least Squares Simultaneous Equations System is utilized for statistical analysis. Results of this study Show that: (1) demand for hydrous ethanol is more elastic after March 2003; (2) cross demand of ethanol to gasoline price is more elastic after March 2003; (3) income elasticity of ethanol is not statistically significant; (4) the relationship between sugar price and supply of ethanol is unimportant; (5) the growth in fleet leads to increase in the demand for hydrous ethanol, and this effect grew stronger after the introduction of flex-fuel vehicles. My findings suggest that the invention and commercialization of flex-fuel vehicles alters Brazil’s fuel market by enabling consumers to switch between two fuels. From a policy maker’s view, demand for ethanol and gasoline are more sensitive to their prices, and their relationship is complicated with two reverse effects, which requires a more comprehensive model to evaluate any policy effect. From industrial standpoint, the results suggest that pricing strategy for ethanol and gasoline should be revised due to increasing elasticities. Future research about flex-fuel vehicles and fuel markets should incorporate tax rates, government policy, propaganda, education, and environmental impact.
Subject
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Topic
Food and Business Economics
RelatedItem
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TitleInfo
Title
Rutgers University Electronic Theses and Dissertations
Identifier
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ETD
Identifier
ETD_4957
PhysicalDescription
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electronic resource
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application/pdf
InternetMediaType
text/xml
Extent
vii, 69 p. : ill.
Note
(type = degree)
M.S.
Note
(type = bibliography)
Includes bibliographical references
Note
(type = vita)
Includes vita
Note
(type = statement of responsibility)
by Yifan He
Subject
(authority = ETD-LCSH)
Topic
Ethanol fuel industry--Brazil
Subject
(authority = ETD-LCSH)
Topic
Biomass energy industries--Brazil
Subject
(authority = ETD-LCSH)
Topic
Supply and demand
Subject
(authority = ETD-LCSH)
Topic
Gasoline--Prices
Subject
(authority = ETD-LCSH)
Topic
Ethanol as fuel--Prices
RelatedItem
(type = host)
TitleInfo
Title
Graduate School - New Brunswick Electronic Theses and Dissertations
Identifier
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rucore19991600001
Location
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(displayLabel = Rutgers, The State University of New Jersey)
NjNbRU
Identifier
(type = doi)
doi:10.7282/T3Z899FH
Genre
(authority = ExL-Esploro)
ETD graduate
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Rights
RightsDeclaration
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The author owns the copyright to this work.
RightsHolder
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Name
FamilyName
HE
GivenName
YIFAN
Role
Copyright Holder
RightsEvent
Type
Permission or license
DateTime
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(point = start)
2013-08-25 22:33:32
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Name
YIFAN HE
Role
Copyright holder
Affiliation
Rutgers University. Graduate School - New Brunswick
AssociatedObject
Type
License
Name
Author Agreement License
Detail
I hereby grant to the Rutgers University Libraries and to my school the non-exclusive right to archive, reproduce and distribute my thesis or dissertation, in whole or in part, and/or my abstract, in whole or in part, in and from an electronic format, subject to the release date subsequently stipulated in this submittal form and approved by my school. I represent and stipulate that the thesis or dissertation and its abstract are my original work, that they do not infringe or violate any rights of others, and that I make these grants as the sole owner of the rights to my thesis or dissertation and its abstract. I represent that I have obtained written permissions, when necessary, from the owner(s) of each third party copyrighted matter to be included in my thesis or dissertation and will supply copies of such upon request by my school. I acknowledge that RU ETD and my school will not distribute my thesis or dissertation or its abstract if, in their reasonable judgment, they believe all such rights have not been secured. I acknowledge that I retain ownership rights to the copyright of my work. I also retain the right to use all or part of this thesis or dissertation in future works, such as articles or books.
Copyright
Status
Copyright protected
Availability
Status
Open
Reason
Permission or license
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Technical
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ETD
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windows xp
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