Presentation.pptx Packback ses/2118312/external_tools/433214 51-10861 > Packback Asked by Dr. John Schwendel 3 Instructor at Indiana University-Bloomington What can the elasticity of the demand for painkillers tell us about illegal drug policy? PackBack Assignment 2 Due no later than 2/27/2022 11:59 PM Est We talked a bit in class about the importance of elasticity to policies that deal with the consumption of certain goods. We than had a discussion relating to a paper which estimated the price elasticity of the demand for opioid prescriptions: https://www.medrxiv.org/content/10.1101/2022.01.11.22268987v1.full-text#T1 If you would rather not discuss opioids you can find a similar study on tobacco usage in African countries here: 268987v1.full-text#T1P Presentation.pptx Packback /courses/2118312/external_tools/433214 -B251-10861 > Packback usage in African countries here: https://academic.oup.comtr/advance- article/doi/10.1093trtac017/6509071?login=true Remember, part of the assignment is analyzing the papers at hand, make sure to discuss specifics from the paper. Respond to these discussions, some good questions to think about (these are not meant to be the only thing to discuss but can be a good place to get started if you do not feel you have anything else to say): Do you feel the results from the paper(s) are reasonable? Do you believe the quantitative estimations that the authors arrive at? X Why do you think the elasticities are the values they are? What real-world explanations are there for these values? In the case of the opioid study, why do youPresentation.pptx Packback ses/2118312/external_tools/433214 251-10861 > Packback started if you do not feel you have anything else to say): Do you feel the results from the paper(s) are reasonable? Do you believe the quantitative estimations that the authors arrive at? Why do you think the elasticities are the values they are? What real-world explanations are there for these values? In the case of the opioid study, why dolyou think the estimations are different by region, what do you think this means for the elasticity in Indiana or in your home state/country? What does this mean for policy, given a set policy goal do these papers give us information on how to achieve that goal? Are there any "unintended consequences" of policies that may be used in response to these studies? X Search LIVE