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For comparison, we present 2SLS estimates using one instrument (columns 2 and 6), two instruments (columns 3 and 7) and three instruments (columns 4 and 8)

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Comparing that to traditional cigarettes, that is a potential saving between 8 to 11 a day, making e-cigarettes almost 80% cheaper

Cruz, a writer known for his anti-policy, opinionated (and sometimes wacky) columns for the Philippine Inquirer, expresses somewhat naively his concerns about the high tobacco tax policy in the Philippines: The government raised the excise tax on cigarettes to increase tax collection and, allegedly, to force smokers to quit or at least smoke less