Detail práce

Price Elasticity of Alcohol Demand: A Meta-Analysis

Autor: Mgr. Anita Boško
Rok: 2020 - letní
Vedoucí: prof. PhDr. Tomáš Havránek Ph.D.
Konzultant:
Typ práce: Diplomová
Finance, finanční trhy a bankovnictví
Jazyk: Anglicky
Stránky: 82
Ocenění:
Odkaz: https://is.cuni.cz/webapps/zzp/detail/118746/
Abstrakt: Abstract The main objective to this meta-analysis is to estimate the price elasticity of alcohol demand after correcting for publication bias and to identify the attributes that explain the data heterogeneity. By employing a funnel asymmetry test, this study confirms and corrects for the presence of the publication bias and suggests that price elasticites for wine and spirits have decreased. This finding is in line to the changing drinking patterns, where wine and spirits become more attractive beverages then beer. A stronger publication bias has been confirmed also under the assumption of nonlinearity, which is derived by applying the “stem-based” method. To account for model uncertainty we use Bayesian model averaging and derive that the length of the data, highly frequency data and estimates under the specification for unconditional demand function, contribute the most to the data heterogeneity. Heavy drinkers are not responsive to the price changes, exhibiting a totally inelastic alcohol demand. Country development is important and low and medium income countries may affect the estimated alcohol price elasticities.
Srpen 2022
poútstčtsone
1234567
891011121314
15161718192021
22232425262728
293031    

Partneři

Deloitte

Sponzoři

CRIF
McKinsey
Patria Finance
Česká Spořitelna
EY