Empirical Regularities in Cross-Country Alcohol Consumption
This paper analyses the demand for the three beverages: beer, wine and spirits, within alcohol, at a cross-country level for 10 countries: Australia, Canada, Finland, France, Japan, New Zealand, Norway, Sweden, the UK and the US. A number of empirical regularities were found at the cross-country level. This includes: (i) the demand theory hypotheses, homogeneity and symmetry are generally acceptable; (ii) the additive utility hypothesis is also acceptable even for such narrowly defined commodities; (iii) in nine out of the 10 countries, beer is considered as a necessity, in half of the countries wine is a necessity and in all the countries spirits are a luxury; and (iv)in all the countries, the demand for beer, wine and spirits are price inelastic. Copyright 2005 The Economic Society Of Australia.
Year of publication: |
2005
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Authors: | SELVANATHAN, S. ; SELVANATHAN, E.A. |
Published in: |
The Economic Record. - Economic Society of Australia - ESA, ISSN 1475-4932. - Vol. 81.2005, s1, p. 128-128
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Publisher: |
Economic Society of Australia - ESA |
Saved in:
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