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dc.contributor.authorYoung, Douglas J.
dc.contributor.authorBielinska-Kwapisz, Agnieszka
dc.date.accessioned2014-06-12T17:50:46Z
dc.date.available2014-06-12T17:50:46Z
dc.date.issued2003-03
dc.identifier.citationYoung, D.J. & Bielinska-Kwapisz, A., 2003. Alcohol Consumption, Beverage Prices and Measurement Error. Journal of Studies on Alcohol, 64 (2), p. 235-238.en_US
dc.identifier.issn1937-1888
dc.identifier.urihttps://scholarworks.montana.edu/xmlui/handle/1/3454
dc.description.abstractAlcohol price data collected by the American Chamber of Commerce Researchers Association (ACCRA) have been widely used in studies of alcohol consumption and related behaviors. A number of problems with these data suggest that they contain substantial measurement error, which biases conventional statistical estimators toward a finding of little or no effect of prices on behavior. We test for measurement error, assess the magnitude of the bias and provide an alternative estimator that is likely to be superior. Method: The study utilizes data on per capita alcohol consumption across U.S. states and the years 1982-1997. State and federal alcohol taxes are used as instrumental variables for prices. Results: Formal tests strongly confirm the hypothesis of measurement error. Instrumental variable estimates of the price elasticity of demand range from -0.53 to -1.24. These estimates are substantially larger in absolute value than ordinary least squares estimates, which sometimes are not significantly different from zero or even positive. Conclusions: The ACCRA price data are substantially contaminated with measurement error, but using state and federal taxes as instrumental variables mitigates the problem.en_US
dc.publisherAlcohol Research Documentation, Inc.en_US
dc.titleAlcohol consumption, beverage prices and measurement erroren_US
dc.typeArticleen_US
mus.citation.extentfirstpage235en_US
mus.citation.extentlastpage238en_US
mus.citation.issue2en_US
mus.citation.journaltitleJournal of Studies on Alcoholen_US
mus.citation.volume64en_US
mus.identifier.categoryBusiness, Economics & Managementen_US
mus.relation.collegeCollege of Businessen_US
mus.relation.collegeCollege of Business
mus.relation.departmentBusiness.en_US
mus.relation.universityMontana State University - Bozemanen_US


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