Alcohol dependence and the price of alcoholic beverages.

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 Econ

authors

Farrell S,Manning WG,Finch MD

doi

10.1016/s0167-6296(02)00099-1

subject

Has Abstract

pub_date

2003-01-01 00:00:00

pages

117-47

issue

1

eissn

0167-6296

issn

1879-1646

pii

S0167-6296(02)00099-1

journal_volume

22

pub_type

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