ADVERTISING BANS, MONOPOLY, AND ALCOHOL DEMAND: TESTING FOR SUBSTITUTION EFFECTS USING PANEL DATA* by

@inproceedings{Nelson2001ADVERTISINGBM,
  title={ADVERTISING BANS, MONOPOLY, AND ALCOHOL DEMAND: TESTING FOR SUBSTITUTION EFFECTS USING PANEL DATA* by},
  author={J. Paul Nelson},
  year={2001}
}
Using a panel of 45 states for the period 1982-97, this study analyzes the importance of several restrictive alcohol regulations, including advertising bans for billboards, bans of price advertising, state monopoly control of retail stores, and changes in the minimum legal drinking age. In contrast to previous research, the study allows for substitution among beverages as a response to a regulation that targets a specific beverage. A restrictive law that applies only to one beverage (or one… CONTINUE READING
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