TY - JOUR PY - 2003// TI - Alcohol dependence and the price of alcoholic beverages JO - Journal of health economics A1 - Farrell, Susan A1 - Manning, Willard G. A1 - Finch, Michael D. SP - 117 EP - 147 VL - 22 IS - 1 N2 - 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.

Language: en

LA - en SN - 0167-6296 UR - http://dx.doi.org/ ID - ref1 ER -