Garcia, Jaume; Labeaga, Jose M - In: Oxford Bulletin of Economics and Statistics 58 (1996) 3, pp. 489-506
The purpose of this paper is to emphasize the importance of double-hurdle models in the estimation of tobacco demand equations. Using data from the Spanish Family Expenditure Survey (EPF), Tobit, P-Tobit, and first hurdle dominance models are shown to be restrictive. This dataset also confirms...