Preferences for Firearms and Their Implications for Regulation

38 Pages Posted: 24 Aug 2022

See all articles by Sarah Moshary

Sarah Moshary

University of California, Berkeley - Marketing Group

Bradley Shapiro

University of Chicago - Booth School of Business

Sara Drango

University of Chicago - Booth School of Business

Multiple version iconThere are 2 versions of this paper

Date Written: August 22, 2022

Abstract

This paper estimates consumer demand for firearms with the aim of evaluating the likely impacts of firearm regulations. We first conduct a stated-choice-based conjoint analysis and estimate an individual-level demand model for firearms. We validate our estimates using aggregate moments from observational data. Next, we use our estimates to simulate changes in the number and types of guns in circulation under alternative regulations. Importantly, we find that bans or restrictions that specifically target 'assault weapons' increase demand for handguns, which are associated with the vast majority of firearm-related violence. We provide distributions of consumer surplus under counterfactuals and discuss how those distributions could be useful for crafting policy.

Suggested Citation

Moshary, Sarah and Shapiro, Bradley and Drango, Sara, Preferences for Firearms and Their Implications for Regulation (August 22, 2022). University of Chicago, Becker Friedman Institute for Economics Working Paper No. 115, 2022, Available at SSRN: https://ssrn.com/abstract=4198453 or http://dx.doi.org/10.2139/ssrn.4198453

Sarah Moshary

University of California, Berkeley - Marketing Group ( email )

Haas School of Business
Berkeley, CA 94720
United States

Bradley Shapiro (Contact Author)

University of Chicago - Booth School of Business ( email )

5807 S. Woodlawn Avenue
Chicago, IL 60637
United States

HOME PAGE: http://faculty.chicagobooth.edu/bradley.shapiro/

Sara Drango

University of Chicago - Booth School of Business ( email )

5807 S Woodlawn Ave
Chicago, IL 60637
United States

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