Al Mahish, Mohammed A. - In: Expert journal of economics 5 (2017) 2, pp. 62-70
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 applies ZINB, Tobit, and a two-step AIDS model....