Chen, Yi-Chi; Lin, Chang-Ching - In: Applied Economics 44 (2012) 35, pp. 4651-4660
In this article we attempt to evaluate the impact of various information shocks on cigarette consumption. In contrast to the existing studies, we do not impose any break points <italic>a priori</italic>. We use recently developed techniques for sample splitting in the data on US cigarette demand, and find that...