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Is the demand for alcohol in Indigenous Australian communities ‘price inelastic’?

✍ Scribed by DENNIS GRAY


Book ID
115201094
Publisher
Informa plc
Year
2012
Tongue
English
Weight
266 KB
Volume
31
Category
Article
ISSN
0959-5236

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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