Goldin & Homonoff - DataSpace at Princeton University
Goldin & Homonoff - DataSpace at Princeton University
Goldin & Homonoff - DataSpace at Princeton University
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Table XI: Altern<strong>at</strong>ive Demand Models<br />
Linear Tobit<br />
(1) (2)<br />
Excise Tax -2.572 ∗∗∗ -17.919 ∗∗∗<br />
(0.716) (3.811)<br />
Sales Tax -1.522 -11.230<br />
(3.423) (16.833)<br />
Excise*Low-income 0.357 3.394<br />
(1.643) (6.099)<br />
Sales*Low-income -9.380 -25.840<br />
(5.643) (18.497)<br />
F-st<strong>at</strong> 2.72 2.36<br />
prob>F 0.11 0.12<br />
N 929,921 929,921<br />
Standard errors clustered <strong>at</strong> the st<strong>at</strong>e level in parentheses.<br />
198,914 observ<strong>at</strong>ions have non-zero demand.<br />
All specific<strong>at</strong>ions include individual demographic<br />
characteristics, economic conditions, income trend,<br />
and st<strong>at</strong>e, year, and calendar month fixed effects.<br />
The F-st<strong>at</strong> is associ<strong>at</strong>ed with the test for equality<br />
between the excise*low-income and sales*low-income<br />
interaction coefficients.<br />
∗ p < 0.10, ∗∗ p < 0.05, ∗∗∗ p < 0.01<br />
49
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