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substitution
Models
These models and simulations have been tagged “substitution”.
Fixes That Fail
Substitution
Taxation
As the tax rate goes up, notionally, drinking has to go down. But as they do, the incentive to generate illicit liquor and consume it increases.
Clone of Taxing Alcohol - And illicit liquor
Ray Madachy
Taxation
Substitution
Fixes That Fail
As the tax rate goes up, notionally, drinking has to go down. But as they do, the incentive to generate illicit liquor and consume it increases.
Taxing Alcohol - And illicit liquor
Pavan Srinath
price
substitution
Most basic dynamic representation of the effect of the possibility of substitution in the price mechanism.
A description of this model can be found here:
Substitution
Henny van Dongen
6 days ago