This paper focuses on the effect of the oil shock of 1973 on US gasoline demand by examining the price elasticities of demand before and after the 1973 embargo. Price elasticities provide useful input to the development of public policy dealing with taxation and pollution control. Understanding...

This research makes at least two contributions to the literature focusing on demand for liquor and cigarettes. First, we establish empirically whether these goods are substitutes or complements in consumption. Second, results from our analysis permit answers to questions about whether states...