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Understanding Heterogeneity in Price Elasticities in the Demand for Alcohol for Older Individuals
This paper estimates the price elasticity of demand for alcohol using Health and Retirement Study data. To account for unobserved heterogeneity in price responsiveness, we use finite mixture models. We recover two latent groups, one is significantly responsive to price, but the other is unresponsive...
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| Main Authors: | , , , , |
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| Format: | Artigo |
| Sprog: | Inglês |
| Udgivet: |
2011
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| Fag: | |
| Online adgang: | https://ncbi.nlm.nih.gov/pmc/articles/PMC3641566/ https://ncbi.nlm.nih.gov/pubmed/22162113 https://ncbi.nlm.nih.govhttp://dx.doi.org/10.1002/hec.1817 |
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