"A paper recently published in the journal Tobacco Control purports to show that the implementation of a smoking … the smoking ban"--Federal Reserve Bank of St. Louis web site …

analyze economic issues by considering the implications of allowing for health state dependence in the utility function. Our … concavity than log utility. We also find that controlling for health dependence generally reduces these estimates. Our results … also suggest that the marginal utility of income increases when health deteriorates. …