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Cigarette demand: a meta‐analysis of elasticities
Author(s) -
Gallet Craig A.,
List John A.
Publication year - 2003
Publication title -
health economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.55
H-Index - 109
eISSN - 1099-1050
pISSN - 1057-9230
DOI - 10.1002/hec.765
Subject(s) - econometrics , economics , meta analysis , estimation , price elasticity of demand , point estimation , point (geometry) , panel data , meta regression , microeconomics , statistics , mathematics , medicine , geometry , management
Estimating elasticities of cigarette demand has become commonplace amongst economists and policymakers. Synthesizing the various elasticities into a coherent message is quite challenging, however, as the point estimates are obtained using quite disparate modeling techniques and data. In this study, we perform a meta‐analysis to explore factors that influence variations within and across studies. Empirical results suggest that demand specification, data issues, and estimation methodology have varying degrees of influence on reported estimates of price, income, and advertising elasticities. Copyright © 2002 John Wiley & Sons, Ltd.