Abstract:
:This study estimates the impact of the price of alcoholic beverages on latent dimensions of current alcohol dependence and abuse. A three-part econometric model is used to estimate the impact of price on three latent dimensions (factors). For heavier drinking, the estimated price elasticity is -1.325 (P = 0.027); for physical and other consequences of drinking, -1.895 (P = 0.003); for increased salience of drinking, -0.411 (P = 0.339). For a single latent factor characterized simply as dependence/abuse, estimated price elasticity is -1.487 (P = 0.012). These results suggest that higher prices for alcohol reduce important dimensions of current alcohol dependence and abuse.
journal_name
J Health Econjournal_title
Journal of health economicsauthors
Farrell S,Manning WG,Finch MDdoi
10.1016/s0167-6296(02)00099-1subject
Has Abstractpub_date
2003-01-01 00:00:00pages
117-47issue
1eissn
0167-6296issn
1879-1646pii
S0167-6296(02)00099-1journal_volume
22pub_type
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