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The present paper studies price linkages between the food, energy and bioenergy markets. We develop a vertically integrated multi-input, multi-output market model with two price transmission channels: a direct biofuel channel and an indirect input channel. We test the theoretical hypothesis by...
Persistent link: https://www.econbiz.de/10011272534
U.S. ethanol policies have contributed to changes in the levels and the volatilities of revenues and costs facing … ethanol firms. The implications of these policies for optimal investment behavior are investigated through an extension of the … conditions in the late-1990s would have led to some plant closures. We also show that, regardless of plant size, U.S. ethanol …
Persistent link: https://www.econbiz.de/10010868699
We analyze the relationship between the prices of ethanol, agricultural commodities and livestock in Nebraska, the U ….S. second largest ethanol producer. The paper focuses on long-run relations and Granger causality linkages between ethanol and …-of-sample predictive ability. Even after taking breaks into account, evidence that the price of ethanol drives the price dynamics of the …
Persistent link: https://www.econbiz.de/10010294304
ethanol and agricultural price returns, little is known about their whole distributions. We focus on predictability in … distribution by asking whether ethanol returns can be used to forecast different parts of field crops returns distribution, or vice … to the analyst. Results show that both the centre and the left tail of the ethanol returns distribution can be predicted …
Persistent link: https://www.econbiz.de/10010294308
We analyze the relationship between the prices of ethanol, agricultural commodities and livestock in Nebraska, the U ….S. second largest ethanol producer. The paper focuses on long-run relations and Granger causality linkages between ethanol and …-ofsample predictive ability. Even after taking breaks into account, evidence that the price of ethanol drives the price dynamics of the …
Persistent link: https://www.econbiz.de/10010940837
ethanol and agricultural price returns, little is known about their whole distributions. We focus on predictability in … distribution by asking whether ethanol returns can be used to forecast different parts of field crops returns distribution, or vice … to the analyst. Results show that both the centre and the left tail of the ethanol returns distribution can be predicted …
Persistent link: https://www.econbiz.de/10010833952
. We focus on predictability in distribution by asking whether ethanol returns can be used to forecast different parts of … of the ethanol returns distribution can be predicted by using field crops returns. On the contrary, there is no evidence … that ethanol can be used to forecast any region of the field crops or cattle returns distributions. …
Persistent link: https://www.econbiz.de/10010752931
ethanol and agricultural price returns, little is known about their whole distributions. We focus on predictability in … distribution by asking whether ethanol returns can be used to forecast different parts of field crops returns distribution, or vice … to the analyst. Results show that both the centre and the left tail of the ethanol returns distribution can be predicted …
Persistent link: https://www.econbiz.de/10010901426
We analyze the relationship between the prices of ethanol, agricultural commodities and livestock in Nebraska, the U ….S. second largest ethanol producer. The paper focuses on long-run relations and Granger causality linkages between ethanol and …-of-sample predictive ability. Even after taking breaks into account, evidence that the price of ethanol drives the price dynamics of the …
Persistent link: https://www.econbiz.de/10010633230
We analyze the relationship between the prices of ethanol, agricultural commodities and livestock in Nebraska, the U ….S. second largest ethanol producer. The paper focuses on long-run relations and Granger causality linkages between ethanol and …-ofsample predictive ability. Even after taking breaks into account, evidence that the price of ethanol drives the price dynamics of the …
Persistent link: https://www.econbiz.de/10010618397