The purpose of this paper is to estimate demand elasticities of cigarette, alcohol, and cocaine for a sample of young … American population. To deal with the inherent censoring issue in cigarette, alcohol, and drug consumption data, the paper …

that cigarette taxes are not the most effective mechanisms for deterring youth smoking or limiting exposures to …Cigarette taxes are often the highest excise taxes in terms of their percentage share of the product price. The extent … between -0.4 and -1.0. Potential rationales for raising the cigarette tax other than as a revenue device include compensation …