Title

Elasticities of beer demand revisited

Keywords

Beer demand; C22; D10; Gradual switching regression

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.

Publication Date

10-1-1998

Publication Title

Economics Letters

Volume

61

Issue

1

Number of Pages

67-71

Document Type

Article

Personal Identifier

scopus

DOI Link

https://doi.org/10.1016/s0165-1765(98)00146-3

Socpus ID

0032346877 (Scopus)

Source API URL

https://api.elsevier.com/content/abstract/scopus_id/0032346877

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