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The primary difference between our model and those generally used in the literature is that we do not estimate a standard demand model

Now that calculus is changing

Study authors Dr Felix Stehle and Julia Schachtsiek argue that nicotinefree (or nicotine reduced) cigarettes may contribute to reduce the number of smokers and nicotine consumption, thus reducing the risk of death from tobacco use. This could be true, but it misses a crucial point

Smokers life expectancy is 10 years lower than that of nonsmokers

Compared with benchmark Smoking attributable deaths from heart disease (Persons 35+ yrs) Source: OHID, based on Office for National Statistics data The same pattern is evident for stroke with an initial fall in the mortality rate between 2013-15 and 2014-16 followed by a small increase or relatively small changes in the intervening period

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