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We argue that single-equation dynamic demand models applied to estimating gasoline demand should account for the slow … evolution of unobservable habits and beliefs which partially determine vehicle and gasoline usage. Inclusion of unobservable …
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The purchase of multifuel vehicles (MFVs) has been incentivized by policies across the globe. Such vehicles are able to operate on more than one source of energy, so they introduce fuel (or energy) choice as one additional dimension consumers decide about. As fuels differ in terms of carbon...
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