Grade | Tier | Retail price (¥/pack) | Producer profit (%) | Retail profit (%) | Smoker-years (N) | Smoker-years (%) |
---|---|---|---|---|---|---|
1 | [29.76, ∞) | 51.5 | 15 | 59 | 0.7 | |
2 | 1 | [18.95, 29.76) | 40.8 | 15 | 150 | 1.8 |
3 | [8.97, 18.95) | 33.3 | 15 | 955 | 11.3 | |
4 | 2 | [5.15, 8.97) | 33.3 | 10 | 2345 | 27.7 |
5 | 3 | [2.65, 5.15) | 25 | 10 | 3830 | 45.3 |
6 | 4 | [0, 2.65) | 17.6 | 10 | 1114 | 13.2 |
8453 | 100 |
Note: Retail price ranges are calculated according to the formula (Gao et al5): 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 (2011). 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.