Hedonic pricing provides a method of establishing implicit values for the non-priced attributeswhich comprise a marketed good. A model for cigarettes is posited and estimated using a sample ofcigarette brands sold in the United Kingdom. A market segmented on the basis of cigarette size isfound...

Recent theoretical work has shown that the incidence of ad valorem and specific taxes may differ and each may be over or under-shifted onto consumers in the presence of imperfect competition. Empirical comparison of the price effects of the two taxes is limited. There are no previous estimates...

Recent theoretical work has shown that the incidence of ad valorem and specific taxes may differ and each may be over or under-shifted onto consumers in the presence of imperfect competition. These results are used to derive a method of estimating market power and conduct. An application is made...