MIT/UC Davis professors challenge claims that ethanol production decreased gasoline prices in 2010 and 2011
Green Car Congress
JULY 17, 2012
in 2010 and 2011, respectively. Those estimates are based on a series of papers by University of Wisconsin and Iowa State University economists Xiaodong Du and Dermot Hayes, who used monthly regional data to estimate the relationship between ethanol production and the pro?t t margin for oil refiners. The paper by Prof.
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