O Etanol e a Gasolina sÃo Substitutos Perfeitos? / The Etanol and the Gasoline are Perfect Substitutes?

AUTOR(ES)
DATA DE PUBLICAÇÃO

2008

RESUMO

The relative domestic prices behavior for fuels (relationship among price of ethanol and gasoline) was analyzed accord to panel monthly ones on 27 Brazilian units during the period from July 2001to February 2008. They released by ANP and through Box-Jenkins methodology. It was empirically verified that relative prices seem to follow a first-order autoregressive process, AR(1), with an average ratio equal marginal utility of ethanol (sugarcane) and gasoline (fossil fuel) liters, which is equal technical coefficient of 70 %. This result suggests that owners of dual-fuel ehicle technology in the face of consumer arbitrage became the natural official regulator of this market such as short as long term.

ASSUNTO(S)

consumer arbitrage economia carros flex-fuel gasoline combustÃveis substitutos perfeitos ethanol flexible-fuel vehicle (ffv) etanol fuels perfect substitutes gasolina c arbitragem do consumidor

ACESSO AO ARTIGO

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