This paper estimates the effects of alcohol prices, marijuana decriminalization, cocaine prices, and heroin prices on the demand for these four substances. Both own price effects and cross price effects are estimated. The estimated price elasticities for alcohol, cocaine, and heroin are,...

This article estimates the effect of mental illness on demand for addictive substances, allowing for structural endogeneity and simultaneity between mental illness and addictive consumption. Results show that individuals with a history of mental illness are 26% more likely to consume alcohol,...

This paper presents estimates of the effects of the drinking age and beer taxes on youth motor vehicle mortality. A simultaneous equation model is used and the resu lts show that the drinking age is a function of mortality rates. The results also show that for eighteen to twenty year-old...