Tier | Retail price (¥/pack) | Producer profit (%) | Retail profit (%) | Smokers (N) | Smokers (%) |
---|---|---|---|---|---|
1 | [0, 2.65) | 17.6 | 10.0 | 1114 | 13.2 |
2 | [2.65, 5.15) | 25.0 | 10.0 | 3830 | 45.3 |
3 | [5.15, 8.97) | 33.3 | 10.0 | 2345 | 27.7 |
4 | [8.97, 18.95) | 33.3 | 15.0 | 955 | 11.3 |
5 | [18.95, 29.76) | 40.8 | 15.0 | 150 | 1.8 |
6 | [29.76, ∞) | 51.5 | 15.0 | 59 | 0.7 |
8453 | 100.0 |
Retail price ranges are calculated according to the formula (Gao, Zheng and Hu, 2011): Retail Price=Allocation Price×(1+Producer π)×(1+Retail π)×(1+VAT), where π denotes profit and VAT is the value-added tax. The ranges for profits come from Gao, Zheng and Hu (2012). For retail price ranges, a bracket denotes a closed interval, and a parenthesis denotes an open interval. Tiers 4–6 are combined for analysis due to small cell sizes. Cell counts and proportions are survey weighted. The unweighted sample size is 8552 person-years from 3477 smokers.