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| Tsolakis, Dimitris. |
| In this article, the impact that a sales tax might have upon wine consumption and, hence, on the wine and grape growing industries, is analysed. Implications for government revenue are also considered. It is shown that the relative responsiveness of supply and demand, rather than the level in the marketing chain at which a tax is levied, determines where the tax burden finally falls. The imposition of a tax on wine might force certain sectors of the wine and grape industries to undergo a phase of adjustment. However, over the longer term, a tax would not necessarily alter the impact of other factors affecting the demand for wine. Additional taxes on wine of the form of a 10 per cent sales tax could be expected to increase government revenue from all... |
| Tipo: Journal Article |
Palavras-chave: Food Consumption/Nutrition/Food Safety. |
| Ano: 1983 |
URL: http://purl.umn.edu/12453 |
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| Tsolakis, Dimitris; Riethmuller, Paul C.; Watts, Geof. |
| In this paper annual data series covering 1955-56 to 1978-79 are used to estimate the elasticity of demand for both wine and beer. These are first estimated using a flexible functional form. The habit formation hypothesis and the role of social and demographic factors are also examined. The demand for wine in aggregate is estimated to be relatively price inelastic in the short run, while in the long run it is relatively price elastic. With respect to income, the demand for wine is shown to be relatively highly elastic. For beer, demand with respect to price and income is found to be relatively inelastic in the short run as well as in the long run. These results can be used to evaluate the impact of changes in patterns of consumption and of government... |
| Tipo: Journal Article |
Palavras-chave: Consumer/Household Economics. |
| Ano: 1983 |
URL: http://purl.umn.edu/12456 |
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