tag:blogger.com,1999:blog-3585028625507474093.post3055578221495999665..comments2023-10-17T15:56:22.827+01:00Comments on Velvet Glove, Iron Fist: Minimum pricing guesstimatesChristopher Snowdonhttp://www.blogger.com/profile/15963753745009712865noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-3585028625507474093.post-33466920839131366672012-10-14T15:22:30.465+01:002012-10-14T15:22:30.465+01:00This comment has been removed by the author.Ivan Dhttps://www.blogger.com/profile/18364023294207490403noreply@blogger.comtag:blogger.com,1999:blog-3585028625507474093.post-6027316907287868622012-10-13T19:41:01.008+01:002012-10-13T19:41:01.008+01:00If heavy drinkers are so "Price sensetive&quo...If heavy drinkers are so "Price sensetive" as they appear to think, then it can not be much of an "addiction" can it?<br /><br />If it was, price would only make a difference to the crime rate, the same as the street price of heroin does.Furor Teutonicushttps://www.blogger.com/profile/13856575077967523322noreply@blogger.comtag:blogger.com,1999:blog-3585028625507474093.post-56439407937400225602012-10-13T18:25:53.352+01:002012-10-13T18:25:53.352+01:00I wasn't there so much looking at Sheffield bu...I wasn't there so much looking at Sheffield but at a couple of our local loonies who were trying to claim that estimates of the price elasticity of demand for a single alcohol product (where drinkers could flip over to drinking wine from beer, for example) were relevant to discussing minimum pricing.<br /><br />Here's a fun one though. The NZ Law Commission hired some shonky Australian consultants, Marsden Jacob & Associates, to discredit my stuff on alcohol. I'd noted the differential price elasticity - that heavy drinkers are less price responsive. Marsden Jacob used Sheffield to argue against us - the Sheffield model ASSUMED that heavy and moderate drinkers were equally price responsive; Marsden Jacob said the results from that model showed we were wrong to claim differential elasticity!<br /><br />I'd stick with a -0.28 or lower (lower in absolute value terms) figure for the price responsiveness of heavy / harmful drinkers to minimum price rises. Auld et al find somewhere around -0.35 for all drinkers, but most of that action has to be coming from poorer moderate drinkers as both income effects and substitution effects will be hitting that category hard.Eric Cramptonhttps://www.blogger.com/profile/15831696523324469713noreply@blogger.comtag:blogger.com,1999:blog-3585028625507474093.post-11345049056333699492012-10-13T15:09:57.420+01:002012-10-13T15:09:57.420+01:00This reminds me, as I go to University of Sheffiel...This reminds me, as I go to University of Sheffield... I went into the wrong uni building by mistake last week as I mixed up where my classes were. As soon as I got in I saw the sign saying Public Health Institute or whatever it was, so made an exit. I then decided it was time to have a cigarette. Right outside the door... Presumably the second hand smoke will "drift" into the building and third hand smoke from this action will stick onto the glass doors and radiate poison, giving everyone who works there cancer.<br /><br /><br />That's how it works, right?Vhttps://www.blogger.com/profile/12934298713271130986noreply@blogger.com