In this paper I unify the economic theories of addiction and health deficit accumulation and develop a life cycle … theory in which individuals take into account the fact that the consumption of addictive goods reduces their health and … longevity. I distinguish two types of addiction: perfect and common. Individuals with perfect addiction perfectly control their …

We characterize dynamic rational addiction to a harmful product by an informed individual who is connected to a network … individual particularly prone to addiction, who may also abstain from the product, a network contributing to the individual …, or reducing the network's consumption) can prevent addiction if implemented early enough along the individual's optimal …

We use a framework suggested by a model of rational addiction to analyze empirically the demand for cigarettes. The … results provide support for the implications of a rational addiction model that cross price effects are negative (consumption …

We use a framework suggested by a model of rational addiction to analyze empirically the demand for cigarettes. The … results provide support for the implications of a rational addiction model that cross price effects are negative (consumption …

support for more law, even when law is the inefficient alternative to other means of coping with negative externalities and … recoveries or offering rewards for private solutions to social problems that would otherwise encourage a growing addiction to law …