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price effects and cross price effects. This paper uses a data set of over 49,000 individuals from the National Household … to reduce substance abuse have been oriented towards increasing the price of alcohol and illicit drugs. Little, however … population. The results also show a consistent pattern of negative own price effects for alcohol and illicit drugs and …
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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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of broadcast and non-broadcast DTCA on price and demand, utilizing an extended time series of monthly records for all … models suggest that broadcast DTCA positively impacts own-sales and price, with an estimated elasticity of 0.10 and 0 ….04 respectively. Relative to broadcast DTCA, non-broadcast DTCA has a smaller impact on sales (elasticity of 0.05) and price …
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