Deng, Xueting; Zheng, Yuqing; Butler, John S. - In: Journal of applied economics 26 (2023) 1, pp. 1-21
This paper examines the role of addiction in influencing the demand for e-cigarettes using the Nielsen Retail Scanner Data and the Nielsen Consumer Panel Data between 2012 and 2017. With a comparison of a myopic addiction model, a forward-looking model, and a rational addiction model, this paper...