UNDERSTANDING HETEROGENEITY IN PRICE ELA
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Padmaja Ayyagari; Partha Deb; Jason Fletcher; William Gallo; Jody L. Sindelar
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Article
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2011
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John Wiley and Sons
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English
⚖ 277 KB
👁 1 views
## ABSTRACT This paper estimates the price elasticity of demand for alcohol using Health and Retirement Study data. To account for unobserved heterogeneity in price responsiveness, we use finite mixture models. We recover two latent groups, one is significantly responsive to price, but the other is