Smoke-free ordinances increase restaurant profit and value
AbstractThis study estimates the value added to a restaurant by a smoke-free policy using regression analysis of the purchase price of restaurants as a function of the presence of a smoke-free law and other control variables. There was a median increase of 16% (interquartile range 11% to 25%) in the sale price of a restaurant in a jurisdiction with a smoke-free law compared to a comparable restaurant in a community without such a law. This result indicates that contrary to claims made by opponents of smoke-free laws, these laws are associated with an increase in restaurant profitability.
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Bibliographic InfoPaper provided by Center for Tobacco Control Research and Education, UC San Francisco in its series University of California at San Francisco, Center for Tobacco Control Research and Education with number qt91w950j4.
Date of creation: 01 Oct 2004
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