Cannabis , Alcohol and Cigarettes : Substitutes or Complements ?

@inproceedings{CameronCannabisA,
  title={Cannabis , Alcohol and Cigarettes : Substitutes or Complements ?},
  author={Lisa Cameron and Jenny Williams}
}
This paper uses individual level data from the National Drug Strategy Household Surveys to estimate the price responsiveness of participation in cannabis, alcohol and cigarette use. In addition to own price e¡ects, we estimate cross price e¡ects and the impact of decriminalizing cannabis use. We ¢nd that participation is responsive to own prices. There is some evidence that cannabis is a substitute for alcohol and a complement to cigarettes, and that alcohol and cigarettes are complements. The… CONTINUE READING