Navigation Links
Price Of Alcohol Does Not Influence Consumption

A study has been published by Alcoholism: Clinical and Experimental Research which has revealed that raising the prices of alcoholic drinks does not result in lesser consumption//. It only contributes towards drinkers going in for cheaper and inferior liquor.

Researchers believe across-the-board price increases may not always have the intended effects on alcohol sales, and suggest 'minimum price posting' as an alternative policy measure. They say the same tax may have different impacts in different markets and with different distributions of prices.

"Our study accepts the assumption that alcohol is a 'complex good', composed of different beverage types - such as beer, wine and spirits - as well as quality brands that can be high, medium or low-end," said senior researcher Paul J. Gruenewald.

"We then go on to examine the impacts of the broad distribution of alcohol beverage prices upon sales of alcohol. Our results show that higher alcohol prices may and may not cause reductions in alcohol sales and related problems. These effects will depend upon how the distribution of prices is affected," he said.

Raul Caetano, professor of epidemiology at the University of Texas, said that the there are alcoholic beverages at different levels of price, and when you implement taxation, what happens is that the individuals who are able to purchase the alcoholic beverages that were more expensive just switch to less expensive ones.

The researchers analyzed Swedish price and sales data for the years 1984 through 1994 for price effects on alcohol consumption. They found that there may be situations where the intent of the taxation is reversed, in that alcohol consumption increases rather than decreases because the alcohol of choice has become cheaper. Basically, they buy more and end up drinking more.

"We had four major findings. One where the distribution of prices for alcohol is very broad. Two, increases in pr ices of expensive alcohol have little impacts on sales. Three, increases in prices of inexpensive alcohol have large impacts on sales. Therefore, four, tax increases can have different impacts on sales, depending upon how they are passed on to the consumer," said Gruenewald.

In short, consumers respond to price increases by altering their total consumption and by varying their brand choices. Caetano said that this highlights the importance of considering choice before implementing "beverage price interventions."

Edited (ANI)

Related medicine news :

1. Drug Prices in India to be Monitored - NPPA to Tie up with ORG
2. Delhi Sees Sharp Decline In Chicken Prices
3. Prices of eggs, egging its way upwards
4. Chicken Prices Show an Upward Trend – Consumers, Not Scared Chicken Anymor
5. The Price Of Autism
6. The Price Paid for New Lifestyle
7. Drug Prices Hit The Roof In Malaysia
8. Expanding Price Control Detrimental for Pharma Companies: CII
9. IVF Price To Be Reduced If Women Opt For Egg Sharing Scheme
10. Fuel Price Hike Triggers Violent Protests In Nepal
11. Drug Prices Rising Faster Than Inflation
Post Your Comments:

(Date:11/27/2015)... CA (PRWEB) , ... November 27, 2015 , ... According ... at the recent 2015 American Dental Association meeting in Washington D.C. revolved around the ... protect a patient’s overall health. The talk stressed the link between periodontal disease (more ...
(Date:11/27/2015)... ... November 27, 2015 , ... A team of Swiss doctors has released ... Surviving Mesothelioma has just posted the findings on the website. Click here to ... cases of 136 mesothelioma patients who were treated with chemotherapy followed by EPP surgery. ...
(Date:11/27/2015)... ... November 27, 2015 , ... ... edition of USA Today in Atlanta, Dallas, New York, Minneapolis, South Florida, with ... digital component is distributed nationally, through a vast social media strategy and across ...
(Date:11/27/2015)... ... November 27, 2015 , ... ... well-respected Microsoft Dynamics SL User Group (MSDSLUG). Recognized as Microsoft’s official group for ... of Microsoft Dynamics SL software users, partners, industry experts and representatives. Intellitec Solutions’ ...
(Date:11/27/2015)... (PRWEB) , ... November 27, 2015 , ... CBD ... Accreditation of Allied Health Education Programs (CAAHEP) awarded accreditation to its Diagnostic Medical Sonography ... CAAHEP accredited colleges, as only one of twelve colleges and universities in the state ...
Breaking Medicine News(10 mins):
(Date:11/26/2015)... 26, 2015 Research and Markets ( ... "2016 Future Horizons and Growth Strategies in ... Shares, Country Segment Forecasts, Competitive Intelligence, Emerging Opportunities" ... --> --> This new ... Italian therapeutic drug monitoring market, including emerging tests, ...
(Date:11/26/2015)... , November 26, 2015 /PRNewswire/ ... announced the addition of the  "2016 ... the European Cell Surface Marker Testing ... Opportunities"  report to their offering.  ... the addition of the  "2016 Future ...
(Date:11/25/2015)... 26, 2015  The total global healthcare industry is expected ... Latin America has the highest projected ... Japan ), is second with growth projected ... face increased healthcare expenditure. In 2013-2014, total government funded healthcare ... in 2008-2009 to 41.2% in 2013-2014. In real terms, out ...
Breaking Medicine Technology: