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Estimation of impact of excise taxes on product prices

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Reference no: EM133077881

In the United States, there is a lot of variation in how cigarettes are taxed across different states. The excise tax on cigarettes varies from a low of 17¢ per pack in Missouri to a high of $4.35 per pack in New York. Explain how this variation in taxation allows for quasi-experimental estimation of the impact of excise taxes on product prices.

Reference no: EM133077881

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