Cavalcanti, Marcelo; Szklo, Alexandre; Machado, Giovani - In: Renewable Energy 43 (2012) C, pp. 423-433
After the introduction of flexfuel vehicles in Brazil, hydrated ethanol and gasohol (gasoline blended with anhydrous ethanol at an average volumetric proportion of 75:25) became basically perfect substitutes. This paper tests the hypothesis that hydrated ethanol prices follow the price of...