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Demand elasticities for symphony orchestras

✍ Scribed by Mark D. Lange; William A. Luksetich

Publisher
Springer US
Year
1984
Tongue
English
Weight
763 KB
Volume
8
Category
Article
ISSN
0885-2545

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## 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