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positively related to this variable. Clearly, these are policy-relevant findings since price is a policy-manipulable variable …
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We show that tax-induced increases in alcohol prices can lead to substantial substitution and avoidance behavior that limits reductions in alcohol consumption. Causal estimates are derived from a natural experiment in Illinois where spirits and wine taxes were raised sharply and unexpectedly in...
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User sanctions influence the legal risk for participants in illegal drug markets. A change in user sanctions may change retail drug prices, depending on how it changes the legal risk to users, how it changes the legal risk to dealers, and the slope of the supply curve. Using a novel dataset with...
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functions for the period from 1975 through 2003. My estimates suggest that changes in price can explain a good deal of the … percent increase in the real price of cigarettes since 1997 due to the Medicaid Master Settlement Agreement explains almost … increase in the real price of beer between 1990 and 1992 due to the Federal excise tax hike on that beverage in 1991 accounts …
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