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