Alcohol Consumption in Australia: An Application of the Ordered Generalised Extreme Value Model

Xueyan Zhao, Mark Harris and Preety Ramful
Authors registered in the RePEc Author Service: Preety Pratima D. Srivastava (nee Ramful) ()

No 301, Econometric Society 2004 Australasian Meetings from Econometric Society

Abstract: The adverse effects of excessive alcohol consumption are well-known. Of great concern to policy makers is to understand the potentially different drivers for consumers of different levels of alcohol consumption. Using unit record data from the Australian Drug Strategy Household Surveys, this paper estimates an Ordered Generalised Extreme Value model to identify the factors that influence differing levels of alcohol consumption. Unlike previous studies using inflexible approaches such as Ordered Probits/Logits or Multinomial Logits, the OGEV model is both flexible and consistent with random utility maximization. The results suggest that important drivers are: age; income; education; gender; and own and cross-pric

Keywords: Drug consumption; discrete ordered data; Ordered Generalised Extreme Value model; random utility maximisation; rational addiction. (search for similar items in EconPapers)
JEL-codes: C3 D1 I1 (search for similar items in EconPapers)
Date: 2004-08-11
New Economics Papers: this item is included in nep-dcm and nep-hea
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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