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sanctions for drug possession and sale on youth drug use. Data on cocaine and marijuana use by high school seniors are taken … youth cocaine demand is sensitive to price, with average past year and past month cocaine demand elasticities of -1.28 and … marijuana have a negative and statistically significant impact on youth cocaine and marijuana use. However, the magnitude of …
Persistent link: https://www.econbiz.de/10012472397
This paper applies the rational addiction model, which emphasizes the interdependency of past, current, and future consumption of an addictive good, to the demand for cocaine by young adults in the Monitoring the Future Panel. The price of cocaine is added to this survey from the System to...
Persistent link: https://www.econbiz.de/10012473125
After a discussion of cigarette smoking in the context of the Becker-Murphy (1988) model of rational addictive behavior, demand equations are derived accounting for the tolerance, reinforcement, and withdrawal characteristic of addictive consumption. These are contrasted to equations developed...
Persistent link: https://www.econbiz.de/10012475769