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dc.contributor.author Vernon, John M. en_US
dc.contributor.author Rives, Norfleet W. en_US
dc.contributor.author Naylor, Thomas en_US
dc.date.accessioned 2010-03-09T15:47:51Z
dc.date.available 2010-03-09T15:47:51Z
dc.date.issued 1969 en_US
dc.identifier.uri http://hdl.handle.net/10161/2129
dc.description.abstract N thi's paper we describe an econometric model of the American tobacco industry for the period 1949 through 1966. The model contains 19 equations and is divided into three major blocks - (1) leaf production, (2) leaf price, and (3) cigarettes. The objective is to explain the behavior of the tobacco industry over an 18-year period. Ultimately, we hope to use the model to perform policy simulation experiments to evaluate the effects of alternative governmental and managerial policies on the behavior of the industry. We begin with a brief description of the industry. Next we discuss the theoretical specification of the model and the statistically estimated equations. We conclude with some example simulation results which provide additional evidence of the validity of the model for explaining the behavior of the tobacco industry over the period 1949 through 1966 en_US
dc.format.extent 1712035 bytes
dc.format.mimetype application/pdf
dc.language.iso en_US
dc.publisher The Review of Economics and Statistics en_US
dc.subject Econometric model en_US
dc.title An Econometric Model of the Tobacco Industry en_US
dc.type Journal Article en_US
dc.department Economics

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