Adda, Jérôme; Cornaglia, Francesca - Institute for the Study of Labor (IZA) - 2012
This paper shows that smoking intensity, i.e. the amount of nicotine extracted per cigarette smoked, responds to changes in excise taxes and tobacco prices. We exploit data covering the period 1988 to 2006 across many US states. Moreover, we provide new evidence on the importance of cotinine...