Elasticities of beer demand revisited

    Authors

    C. A. Gallet;J. A. List

    Comments

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    Abbreviated Journal Title

    Econ. Lett.

    Keywords

    beer demand; gradual switching regression; ALCOHOL; Economics

    Abstract

    This paper uses U.S. aggregate beer consumption data from 1964-1992 to empirically estimate the elasticities of demand for beer. However, rather than assuming the behavioral parameters are time invariant, we estimate a gradual switching regression model that explicitly allows the elasticities to change over time. Results suggest that this more general model is warranted, as findings illustrate the importance of variable dynamics when evaluating the efficacy of proposed policy alternatives. (C) 1998 Elsevier Science S.A. All rights reserved.

    Journal Title

    Economics Letters

    Volume

    61

    Issue/Number

    1

    Publication Date

    1-1-1998

    Document Type

    Article

    Language

    English

    First Page

    67

    Last Page

    71

    WOS Identifier

    WOS:000076868200011

    ISSN

    0165-1765

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