@article{ref1,
title="Alcohol dependence and the price of alcoholic beverages",
journal="Journal of health economics",
year="2003",
author="Farrell, Susan and Manning, Willard G. and Finch, Michael D.",
volume="22",
number="1",
pages="117-147",
abstract="This study estimates the impact of the price of alcoholic beverages on latent dimensions of current alcohol dependence and abuse. A three-part econometric model is used to estimate the impact of price on three latent dimensions (factors). For heavier drinking, the estimated price elasticity is -1.325 (P = 0.027); for physical and other consequences of drinking, -1.895 (P = 0.003); for increased salience of drinking, -0.411 (P = 0.339). For a single latent factor characterized simply as dependence/abuse, estimated price elasticity is -1.487 (P = 0.012). These results suggest that higher prices for alcohol reduce important dimensions of current alcohol dependence and abuse.<p /><p>Language: en</p>",
language="en",
issn="0167-6296",
doi="",
url="http://dx.doi.org/"
}