全球智库信息集成服务系统(G2TT): Price Uncertainty, Tax Policy, and Addiction: Evidence and Implications

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w9073
来源ID	Working Paper 9073
	Price Uncertainty, Tax Policy, and Addiction: Evidence and Implications
	Mark Coppejans; Holger Sieg
发表日期	2002-07-18
出版年	2002
语种	英语
摘要	Consumption of addictive goods is subject to habit formation. Forward-looking individuals must, therefore, be concerned about future prices when making current consumption decisions. We study prices for tobacco products based on a unique data set provided by the Bureau of Labor Statistics. Our empirical findings suggest that prices have been highly volatile during the past decade. Price uncertainty has a potentially large impact on the economic well-being of young individuals with relatively low levels of disposable income. We develop a model to study consumption of addictive substances under price uncertainty. Our results indicate that optimal decision rules of low income individuals can crucially depend on subjective beliefs about future prices and the length of the planning horizon. These results imply that tax policies are most effective in reducing teenage cigarette consumption if they credibly alter individuals' beliefs about future prices.
主题	Econometrics ; Data Collection ; Microeconomics ; Economics of Information
URL	https://www.nber.org/papers/w9073
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/566682
推荐引用方式 GB/T 7714	Mark Coppejans,Holger Sieg. Price Uncertainty, Tax Policy, and Addiction: Evidence and Implications. 2002.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
w9073.pdf（288KB）	智库出版物		限制开放	CC BY-NC-SA	浏览