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Price elasticities of alcohol demand: evidence from Russia

✍ Scribed by Goryakin, Yevgeniy; Roberts, Bayard; McKee, Martin

Book ID: 121549078
Publisher: Springer
Year: 2014
Tongue: French
Weight: 324 KB
Volume: 16
Category: Article
ISSN: 1618-7598
DOI: 10.1007/s10198-014-0565-9

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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