Response of Consumers to the Mandatory Disclosure of Information : Evidence from Natural Experiments in Japanese Inter-brand Cigarette Demands

Wan, Junmin

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論文情報

タイトル	Response of Consumers to the Mandatory Disclosure of Information : Evidence from Natural Experiments in Japanese Inter-brand Cigarette Demands
著者	Wan, Junmin Wan, Junmin
キーワード等	disclosure, nicotine
	tar
	cigarette
	inter-brand
	panel estimation
	difference in difference
抄録	I estimated inter-brand cigarette demands with nicotine, tar contentand policy event information in Japan during 1950-84. The demand for allbrands increased but the demand for plain (non-filter) brands decreaseddue to the dissemination of“A Note about Health Damage from Smoking" in 1964. The demand for all brands increased but the demand forhigh-nicotine brands decreased due to the disclosure of nicotine and tarcontent in 1967 and the labeling warnings in 1972, however consumershad still preferred high-nicotine brands after 1972. Contrastively, thedemand for high-tar brands increased in 1967 but decreased in 1972, andconsumers had switched to prefer low-tar brands after 1972. Disclosure didnot reduce the intake of nicotine but reduced the intake of tar, accordinglydisclosure may benefit consumers by reducing the health risk as tar causescancers. In line with changes in inter-brand demands, the monopolisticfirm discontinued old products with poorer quality (plain, high-tar) butprovided new better ones (filter-tipped, low-tar).
抄録	* Revised: Response of Consumers to the Mandatory Disclosure of Information: Evidence from Japanese Inter-brand Cigarette Sales [04-13, 2004]
公開者	Graduate School of Economics and Osaka School of International Public Policy (OSIPP) Osaka University
更新日付	2006-02
掲載誌名	Discussion Papers In Economics And Business
巻	04-13-Rev.
刊行年月	2006-02
URL	http://hdl.handle.net/11094/13882
関連情報 (references)	http://www2.econ.osaka-u.ac.jp/library/global/dp/0413R.pdf
言語	英語

著者版フラグ	none
NII資源タイプ	テクニカルレポート
ローカル資源タイプ	ディスカッション／ワーキング・ペーパー
dcmi資源タイプ	text
DCTERMS.bibliographicCitation	Discussion Papers In Economics And Business.04-13-Rev.
DC.title	Response of Consumers to the Mandatory Disclosure of Information : Evidence from Natural Experiments in Japanese Inter-brand Cigarette Demands
DC.creator	Wan, Junmin
DC.publisher	Graduate School of Economics and Osaka School of International Public Policy (OSIPP) Osaka University
DC.language" scheme="DCTERMS.RFC1766	英語
DCTERMS.issued" scheme="DCTERMS.W3CDTF	2006-02
DC.identifier" scheme="DCTERMS.URI	http://hdl.handle.net/11094/13882
DC.subject	disclosure, nicotine
	tar
	cigarette
	inter-brand
	panel estimation
	difference in difference
DCTERMS.abstract	I estimated inter-brand cigarette demands with nicotine, tar contentand policy event information in Japan during 1950-84. The demand for allbrands increased but the demand for plain (non-filter) brands decreaseddue to the dissemination of“A Note about Health Damage from Smoking" in 1964. The demand for all brands increased but the demand forhigh-nicotine brands decreased due to the disclosure of nicotine and tarcontent in 1967 and the labeling warnings in 1972, however consumershad still preferred high-nicotine brands after 1972. Contrastively, thedemand for high-tar brands increased in 1967 but decreased in 1972, andconsumers had switched to prefer low-tar brands after 1972. Disclosure didnot reduce the intake of nicotine but reduced the intake of tar, accordinglydisclosure may benefit consumers by reducing the health risk as tar causescancers. In line with changes in inter-brand demands, the monopolisticfirm discontinued old products with poorer quality (plain, high-tar) butprovided new better ones (filter-tipped, low-tar).
DCTERMS.abstract	* Revised: Response of Consumers to the Mandatory Disclosure of Information: Evidence from Japanese Inter-brand Cigarette Sales [04-13, 2004]
citation_title	Response of Consumers to the Mandatory Disclosure of Information : Evidence from Natural Experiments in Japanese Inter-brand Cigarette Demands
citation_author	Wan, Junmin
citation_publisher	Graduate School of Economics and Osaka School of International Public Policy (OSIPP) Osaka University
citation_language	英語
citation_date	2006-02
citation_journal_title	Discussion Papers In Economics And Business
citation_volume	04-13-Rev.
citation_public_url	http://hdl.handle.net/11094/13882
citation_keywords	disclosure, nicotine
	tar
	cigarette
	inter-brand
	panel estimation
	difference in difference

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