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This document discusses using regressions to analyze cigarette demand and prices across US states. 1) A proposed $0.50 per pack federal cigarette tax is estimated to raise prices to $7.90 per pack. Using regression 1, this would lower demand by around 5% (0.94 * 0.50/7.40), with a 95% confidence interval of ±4.2% based on the standard error. 2) Regression 3 uses both cigarette specific taxes and general sales taxes as instruments and passes the J-test, suggesting the estimates are consistent. 3) Incom

Author

Luca Vanz

Language

EN