Cullum, Paul and Pissarides, Christopher 
ORCID: 0000-0002-0695-058X
(2004)
The demand for tobacco products in the UK.
Government Economic Service working paper.
Customs and Excise Press Office, London, UK.
Abstract
This paper reports the results of the estimation of a tobacco demand model built by Professor Pissarides at the LSE and Paul Cullum at HM Customs and Excise. It is an attempt to overcome some of the problems found in previous attempts to model the tobacco market given its increased complexity over recent years. A model of the tobacco market is developed that allows for the sophisticated decisions of consumers who can choose between different qualities and sources of cigarettes or hand rolling tobacco. Elasticities with respect to the price of duty paid cigarettes are derived. A range of results has been considered to reflect some of the uncertainties in the tobacco market.
| Item Type: | Monograph (Working Paper) |
|---|---|
| Official URL: | http://www.hmrc.gov.uk/index.htm |
| Additional Information: | © 2004 Crown copyright |
| Divisions: | Economics Centre for Economic Performance |
| Subjects: | H Social Sciences > HB Economic Theory |
| Date Deposited: | 08 Apr 2011 13:35 |
| Last Modified: | 13 Sep 2024 19:54 |
| URI: | http://eprints.lse.ac.uk/id/eprint/35447 |
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