Tsolakis, Dimitris; Riethmuller, Paul C.; Watts, Geof - In: Review of Marketing and Agricultural Economics 51 (1983) 02
In this paper annual data series covering 1955-56 to 1978-79 are used to estimate the elasticity of demand for both wine and beer. These are first estimated using a flexible functional form. The habit formation hypothesis and the role of social and demographic factors are also examined. The...