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Using panel data for a cross-section of countries, several previous studies estimate the effect of advertising bans on cigarette consumption. These studies suffer from three general problems: (1) structural change in cigarette demand functions; (2) endogeneity of advertising bans; and (3)...
Persistent link: https://www.econbiz.de/10014068883
This paper presents a synthesis of cigarette advertising elasticities from econometric studies for the U.S. (25 studies) and other countries (13 studies). Summaries are presented for each sample using fixed- and random-effects weighted means and weighted regressions. The weighted regressions...
Persistent link: https://www.econbiz.de/10014028152