Anderson, Soren T.; Elzinga, Andrew - In: Journal of Environmental Economics and Management 67 (2014) 3, pp. 258-273
Ethanol and methyl-tertiary butyl ether (MTBE) were close substitutes in the gasoline additives market until MTBE was banned due to the concerns about groundwater contamination, leading to a sudden and dramatic substitution toward ethanol as an alternative oxygenate and octane-booster. We use...