Table 2.

Price elasticities of alcohol demand in China, overall sample.

	Pooled	Province Fixed Effects	City/county Fixed Effects
Beer
- Probability	−0.057 *** (0.011)	0.019 (0.012)	0.009 (0.011)
- Conditional level	−0.292 *** (0.059)	−0.036 (0.056)	−0.055 (0.058)
Liquor
- Probability	−0.007 (0.005)	−0.012 ** (0.006)	−0.017 *** (0.005)
- Conditional level	−0.102 *** (0.027)	−0.103 *** (0.027)	−0.101 *** (0.026)

Robust standard errors in parentheses. Statistical significance (based on a two-tailed test) is indicated with asterisks:

^***P < 0.01,

^**P < 0.05,

^*P < 0.1.