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A Binary-Ordered Probit Model of Cigarette Demand

Author

Listed:
  • Kasteridis, Panagiotis P.
  • Munkin, Murat K.
  • Yen, Steven T.

Abstract

This study analyzes the demand for cigarettes fitting observed zero outcomes with a trivariate model consisting of an equation for the starting smoking decision, an equation for the quitting decision, and an equation that models the level of cigarettes consumed. Five competing specifications are considered to explain level, with the ordered probit, which accommodates pile-ups of counts in the dependent variable, providing the best fit. Marginal effects of explanatory variables are calculated providing strong evidence of race and gender differences in consumption patterns. The estimated marginal effects are robust to alternative categorizations of the level of cigarettes.

Suggested Citation

  • Kasteridis, Panagiotis P. & Munkin, Murat K. & Yen, Steven T., 2007. "A Binary-Ordered Probit Model of Cigarette Demand," 2007 Annual Meeting, July 29-August 1, 2007, Portland, Oregon 9862, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea07:9862
    DOI: 10.22004/ag.econ.9862
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    Citations

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    Cited by:

    1. William Greene, 2014. "Models for ordered choices," Chapters, in: Stephane Hess & Andrew Daly (ed.), Handbook of Choice Modelling, chapter 15, pages 333-362, Edward Elgar Publishing.
    2. Shaibu, A. F. & Al-Hassan, Ramatu M., 2014. "Analysis of Factors Influencing Caterers of the Ghana School Feeding Programme to Purchase Rice from Local Farmers in the Tamale Metropolis, Tolon-Kumbungu and Karaga Districts," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 6(2), pages 1-11, June.
    3. William H. Greene & David A. Hensher, 2008. "Modeling Ordered Choices: A Primer and Recent Developments," Working Papers 08-26, New York University, Leonard N. Stern School of Business, Department of Economics.
    4. Yen, Steven T. & Shaw, W. Douglass & Yuan, Yan, 2010. "Cigarette smoking and self-reported health in China," China Economic Review, Elsevier, vol. 21(4), pages 532-543, December.
    5. Steven T. Yen & Andrew K.G. Tan & Rodolfo M. Nayga Jr, 2011. "Determinants of fruit and vegetable consumption in Malaysia: an ordinal system approach," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 55(2), pages 239-256, April.
    6. Gelsomina CATALANO & Massimo FLORIO & Francesco GIFFONI, 2016. "Willingness to Pay for Basic Research: A Contingent Valuation Experiment on the Large Hadron Collider," Departmental Working Papers 2016-03, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.

    More about this item

    Keywords

    Demand and Price Analysis;

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