This paper proposes a nonlinear error-correction model based upon smooth transition regression methodology. The model is specified such that the short-run adjustment toward long-run equilibrium is nonlinear and that the error correction is a smooth function of long-run deviation. Empirical...

This study contributes to the understanding of the decision to quit smoking by taking into account the learning of new risk information. The specific hypothesis tested is that smokers learn new risk information and hence create an incentive to quit from their own experience. Probit models are...

This paper provides an econometric analysis of the effects of cigarette price and advertising changes stemming from the United States Tobacco Settlement of 1998. This is done by estimation of a demand function for cigarettes, based on data from both before and after the Settlement. The model is...