Are Chinese smokers sensitive to price?
Publication Source

China Economic Review

Journal article
Western Pacific
Economy status
Upper-middle-income economies
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We estimate cigarette price and income elasticities for urban China, 1995. We find an overall cigarette price elasticity of 0.5, which lies between previous estimates. This implies that a 10% increase in price would result in a decline in cigarette consumption of 4.5 billion packs and would raise Y34 billion in additional tax revenue.