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Preferences for Firearms and Their Implications for Regulation

Author

Listed:
  • Sarah Moshary
  • Bradley Shapiro
  • Sara Drango

Abstract

This paper estimates consumer demand for firearms with the aim of predicting the likely impacts of firearm regulations on the number and types of guns in circulation. We first conduct a stated-choice-based conjoint analysis and estimate an individual-level demand model for firearms. We validate our estimates using aggregate moments from observational data. Next, we use our estimates to simulate changes in the number and types of guns in circulation under alternative regulations. Importantly, we find that bans or restrictions that specifically target “assault weapons” increase demand for handguns, which are associated with the vast majority of firearm-related violence. We provide distributions of consumer surplus under counterfactuals and discuss how those distributions could be useful for crafting policy.

Suggested Citation

  • Sarah Moshary & Bradley Shapiro & Sara Drango, 2023. "Preferences for Firearms and Their Implications for Regulation," NBER Working Papers 30934, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberwo:30934
    Note: EH IO PE POL
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    File URL: http://www.nber.org/papers/w30934.pdf
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    Cited by:

    1. Jonathan Colmer & Jennifer L. Doleac, 2023. "Access to guns in the heat of the moment: more restrictive gun laws mitigate the effect of temperature on violence," CEP Discussion Papers dp1934, Centre for Economic Performance, LSE.
    2. Colmer, Jonathan Mark & Doleac, Jennifer L., 2023. "Access to guns in the heat of the moment: more restrictive gun laws mitigate the effect of temperature on violence," LSE Research Online Documents on Economics 121304, London School of Economics and Political Science, LSE Library.

    More about this item

    JEL classification:

    • C11 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Bayesian Analysis: General
    • C83 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Survey Methods; Sampling Methods
    • H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health
    • L50 - Industrial Organization - - Regulation and Industrial Policy - - - General
    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
    • M31 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Marketing
    • M38 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Government Policy and Regulation

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