Abrevaya, Jason; Puzzello, Laura - In: American Economic Review 102 (2012) 4, pp. 1751-63
This paper re-examines Adda and Cornaglia's (2006) evidence on the compensatory behavior of smokers who, in face of higher taxes, are found to reduce their consumption of cigarettes while maintaining their cotinine--a biomarker for nicotine--levels constant. This comment examines the robustness...