Showing 1 - 10 of 538
This paper addresses the impact of addiction and social interactions on cigarette demand, controlling for demographic and socioeconomic factors. A Box-Cox double-hurdle model for the simultaneous decisions of how much to smoke and whether to quit smoking is estimated on individual data from the...
Persistent link: https://www.econbiz.de/10011265778
In this paper we test the existence of rational habit formation in a multivariate model for alcohol and tobacco consumption. The theoretical framework, based on a dynamic adjustment cost model with forward-looking behaviour, is enhanced to include the intertemporal interactions between the two...
Persistent link: https://www.econbiz.de/10011265780
This paper addresses the impact of addiction and social interactions on cigarette demand, controlling for demographic and socioeconomic factors. A Box-Cox double-hurdle model for the simultaneous decisions of how much to smoke and whether to quit smoking is estimated on individual data from the...
Persistent link: https://www.econbiz.de/10005641896
The aim of the present study is to analyse the dynamics of regional consumption and income to explain two significant empirical evidences that have characterized Italian economy in the last two decades: (i) the fall in private saving rate; (ii) the persistence of a wide gap between consumption...
Persistent link: https://www.econbiz.de/10011325518
In this paper we provide empirical evidence of the relationship between government purchases and private expenditure by adopting a microeconomic approach. Using UK quarterly data, a long-run demand system conditioned to the public sector is obtained by specifying a vector error correction model...
Persistent link: https://www.econbiz.de/10005518196
This paper analyses the determinants of tobacco expenditures for a sample of Italian households. A Box- Cox double-hurdle model adjusted for heteroscedasticity is estimated to account for separate individual decisions concerning smoking participation and tobacco consumption and to correct for...
Persistent link: https://www.econbiz.de/10005518199
This paper describes the life-cycle alcohol consumption patterns of Italian households by decomposing gender, cohort, age and time effects and estimates the importance of demographic characteristics using a double hurdle model. The application is based on ISTAT households expenditure survey for...
Persistent link: https://www.econbiz.de/10005518877
The aim of the present study is to analyse the dynamics of regional consumption and income to explain two significant empirical evidences that have characterized Italian economy in the last two decades: (i) the fall in private saving rate; (ii) the persistence of a wide gap between consumption...
Persistent link: https://www.econbiz.de/10005543227
In this paper we propose a sequential strategy, based on the microeconomic approach of the demand theory, in order to test for separability between private and public consumption. The aim of the present work is to verify, using a conditional almost ideal demand system, whether the different...
Persistent link: https://www.econbiz.de/10005482822
This article analyzes the determinants of tobacco expenditures for a sample of Italian households. A Box-Cox double-hurdle model adjusted for heteroscedasticity is estimated to account for separate individual decisions concerning smoking participation and tobacco consumption and to correct for...
Persistent link: https://www.econbiz.de/10005470800