Estimation of tobacco price elasticity in Serbia: evidence from macro and micro approach

Estimation of tobacco price elasticity in Serbia: evidence from macro and micro approach

Tobaccoprice elasticity

Tobacco taxation is one of the main instruments in tobacco control

The effectiveness of tobacco taxation depends on the consumers response to priceincrease, i.e. tobaccopriceelasticity

Previous research

High-income countries: -0.25 to -0.5 (Chaloupkaet al., 2012)
Low and middle-income countries: -0.5 to -1 (John, 2008; Chaloupkaet al. 2000)>