The decision to quit smoking is treated as a choice under uncertainty in an empirical model
that incorporates health, medical advice, addiction, and social interaction. Probit models are …

Tobacco regulation has been a major component of health policy in the developed world
since the UK Royal College of Physicians' and the US Surgeon General's reports in the …

Panel data econometrics continues to be a hot topic in econometrics and has experienced a
lot of growth over the last two decades. Micro-and Macro-panels are increasing in …

Abstract A decade ago, Newhouse (1987) assessed the balance of trade between imports
from the econometrics literature into health economics, and exports from health economics …

This paper presents some two-step estimators for a wide range of parametric panel data
models with censored endogenous variables and sample selection bias. Our approach is to …

Many policy makers continue to advocate and adopt cigarette taxes as a public health
measure. Most previous individual-level empirical studies of cigarette demand are …

This paper aims to investigate the determinants of collateral requirements for loans that are
extended to small and medium-sized enterprises in less-developed countries. Our primary …

We show the estimable rational addiction model tends to yield spurious evidence in favor of
the rational addiction hypothesis when aggregate data are used. Direct application of the …

Heckman's sample‐selection model is generalized to the multivariate case and used to
estimate demands for cigarettes, beer, and wine by individuals in the United States. The …

This article analyzes the determinants of tobacco expenditures for a sample of Italian
households. A Box–Cox double-hurdle model adjusted for heteroscedasticity is estimated to …