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Alcohol Prices, Beverage Quality, and the Demand for Alcohol: Quality Substitutions and Price Elasticities

✍ Scribed by Paul J. Gruenewald; William R. Ponicki; Harold D. Holder; Anders Romelsjö


Book ID
109123415
Publisher
John Wiley and Sons
Year
2006
Tongue
English
Weight
208 KB
Volume
30
Category
Article
ISSN
0145-6008

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UNDERSTANDING HETEROGENEITY IN PRICE ELA
✍ Padmaja Ayyagari; Partha Deb; Jason Fletcher; William Gallo; Jody L. Sindelar 📂 Article 📅 2011 🏛 John Wiley and Sons 🌐 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