PIERANI, P.; TIEZZI, S. - In: Rivista Internazionale di Scienze Sociali 115 (2007) 2, pp. 265-284
In this paper we estimate the demand for alcoholic beverages in Italy following the rational addiction framework by Becker and Murphy (1988) and using a GMM estimator. To increase confidence in the reliability of this framework we use two different data sets: (i) a time series of annual...