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The Demand for Alcohol, Tobacco and Marijuana - International Evidence (Paperback)
Loot Price: R978
Discovery Miles 9 780
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The Demand for Alcohol, Tobacco and Marijuana - International Evidence (Paperback)
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This book is the first to present an extensive analysis of the
international evidence for the similarities of the consumption
patterns of such controversial commodities as alcohol, tobacco and
marijuana, using recent data from a number of developed and less
developed countries over a number of years. The book also presents
analysis of the consumption patterns of food in general and soft
drinks in particular. In addition the book provides a detailed
analysis of the consumption restrictions and regulations in place
in various countries in relation to issues associated with
taxation, availability, and marketing of these products. The book's
focus is on rigorous empirical analysis and presents the estimates
of demand elasticities of these five commodities across different
countries. Such estimates are key inputs for government economic
models that are used for the purpose of social policy analysis.
Furthermore, the book presents hypothesis testing results on
various demand theory hypotheses such as demand homogeneity and
Slutsky symmetry.
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