The Impact of Smoking Bans on Bar and Restaurant Values

Michael Allgrunn and Christopher C. Douglas
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Michael Allgrunn: University of South Dakota
Christopher C. Douglas: University of Michigan - Flint

Journal of Economic Insight, 2015, vol. 41, issue 2, 67-81

Abstract: The state of Florida implemented an indoor smoking ban in 2003 that exempted bars. Using a data set containing the sales price of bars and restaurants in Florida that spans 1999-2011, we utilize a difference-in-difference framework to examine whether or not a smoking ban impacts the value of bars and restaurants and in what direction. We find that the value of restaurants decreased following the smoking ban, while the value of bars increased. These results suggest that a smoking ban has a negative impact on a business’ value.

JEL-codes: D23 H75 I18 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:mve:journl:v:41:y:2015:i:2:p:67-81

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