Salvo and Huse (2013) found that roughly one fifth of owners of flexible-fuel cars (which can run
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Salvo and Huse (2013) found that roughly one fifth of owners of flexible-fuel cars (which can run on a mix of ethanol and gasoline) choose gasoline when the price of gas is 20% above that of ethanol (in energy-adjusted terms) and, similarly, one-fifth choose ethanol when ethanol is 20% more expensive than gasoline. What can you say about these people’s tastes?
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