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英文文献：Understanding the Underlying Fundamentals of Ethanol Markets: Linkages between Energy and Agriculture-理解乙醇市场的基本原理:能源和农业之间的联系
英文文献作者：Tokgoz, Simla,Elobeid, Amani E.
英文文献摘要：
This study analyzes the impact of price shocks in three input and output markets critical to ethanol: gasoline, corn, and sugar. We investigate the impact of these shocks on ethanol and related agricultural markets in the United States and Brazil. We find that the composition of a country's vehicle fleet determines the direction of the response of ethanol consumption to changes in the gasoline price. We also find that a change in feedstock costs affects the profitability of ethanol producers and the domestic ethanol price. In Brazil, where two commodities compete for sugarcane, changes in the sugar market affect the competing ethanol market.
这项研究分析了对乙醇至关重要的三个投入和产出市场的价格冲击的影响:汽油、玉米和糖。我们调查了这些冲击对美国和巴西乙醇及相关农业市场的影响。我们发现，一个国家的车队构成决定了乙醇消费对汽油价格变化的反应方向。我们还发现原料成本的变化会影响乙醇生产商的盈利能力和国内乙醇价格。在巴西，两种商品竞争甘蔗，糖市场的变化影响竞争的乙醇市场。
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