Pouliot, Sebastien - Agricultural and Applied Economics Association - AAEA - 2013
hundred percent of ethanol. This paper investigates how motorists arbitrage between hydrous ethanol and gasoline using … demands for hydrous ethanol and gasoline. I estimate using nonlinear seemingly unrelated regressions the demands for hydrous … ethanol and gasoline in Brazil, and motorists preferences for hydrous ethanol. I nd that on average, accounting for the …