Abstract
In his discussion of our paper, Steve Swidler offers several conclusions about the effects of state and private ownership of the liquor retailing industry. First, he concludes that when the supply and demand curves do not differ with ownership arrangements, long-run equilibrium consumption of liquor in states in which liquor retailing is publicly owned is the same as in states in which the industry is privately owned. Second, Swidler concludes that both liquor consumption per capita and average liquor prices do not differ significantly between public and private ownership states. We consider these conclusions in turn.
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