Table 4.
α | Q0 | |||||
---|---|---|---|---|---|---|
B | SE | p | B | SE | p | |
Intercept | −2.47 | 0.47 | <.001 | 2.64 | 0.12 | <.001 |
Menthol Smoker | 0.55 | 0.30 | 0.066 | −0.06 | 0.08 | 0.493 |
Nonmenthol Smoker | REF | REF | ||||
Menthol CPT | 0.41 | 0.21 | 0.046 | −0.13 | 0.04 | 0.002 |
Nonmenthol CPT | REF | REF | ||||
Smoker * CPT | −0.81 | 0.25 | 0.001 | 0.24 | 0.07 | 0.001 |
Age 14–17 | −0.60 | 0.52 | 0.24 | 0.03 | 0.14 | 0.824 |
Age 18–25 | −0.09 | 0.36 | 0.795 | 0.12 | 0.08 | 0.147 |
Age 26+ | REF | REF | ||||
NH White | 0.06 | 0.40 | 0.891 | 0.18 | 0.11 | 0.107 |
NH Black | −0.46 | 0.63 | 0.464 | 0.23 | 0.34 | 0.514 |
Other | REF | REF | ||||
Male | −0.40 | 0.34 | 0.240 | −0.01 | 0.08 | 0.892 |
Female | REF | REF | ||||
CPD 0–10 | 1.40 | 0.31 | <.001 | −0.75 | 0.08 | <.001 |
CPD 11+ | REF | REF |
NOTE:
Cases with poor model fit to exponential demand (R2 < 0.30) or with elasticity or peak consumption estimates > 3SD above sample mean were excluded from analysis.
Parameters derived from exponential demand equation logQ = logQ0 + k(e−αPs − 1), where α is the rate of change in demand (elasticity), Q0 is peak consumption (at price 0), Ps is price (normalized to Q0), and k is a constant (1.825).
Larger values of α indicate more elastic demand