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addiction benefit because they can switch to a less harmful substance, but opponents argue that this could encourage abstainers … to begin using the harm reduction method or even the original addictive good. This paper builds on theories of addiction …
Persistent link: https://www.econbiz.de/10014226123
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
in the United States to study the impacts on online purchases of naloxone, an opioid overdose reversal drug. Advertising …
Persistent link: https://www.econbiz.de/10014468229
, in that they are more likely to postpone earlier plans for retirement. The evidence and theory suggest that the negative …
Persistent link: https://www.econbiz.de/10012467112
restrictions implied by asset pricing theory. We treat the functional form of the habit as unknown, and to estimate it along with …
Persistent link: https://www.econbiz.de/10012468190
addiction. In contrast to prior research, we allow individuals to make their consumption decisions simultaneous with savings and … labor supply. When addictive goods have a stronger habit formation effect (an addiction effect'), individuals choose to save … less due to the anticipated adverse health consequences of addiction (a detrimental health effect'). This is particularly …
Persistent link: https://www.econbiz.de/10012469460
Consumption of addictive goods is subject to habit formation. Forward-looking individuals must, therefore, be concerned about future prices when making current consumption decisions. We study prices for tobacco products based on a unique data set provided by the Bureau of Labor Statistics. Our...
Persistent link: https://www.econbiz.de/10012469640
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 …
Persistent link: https://www.econbiz.de/10012475713
how consumers respond to drug withdrawals. In theory, remaining drugs in the therapeutic class could enjoy competitive …In September 1997, the anti-obesity drugs Pondimin and Redux, ingredients in the popular drug combination fen … benefits, or suffer negative spillovers, from the withdrawal of a competing drug. Our findings suggest that, while the …
Persistent link: https://www.econbiz.de/10012467462
This paper presents a model of prosecutors' decision-making processes in which prosecutors (both federal and state) internalize some of the benefits of reducing crime, but also care about developing their own human capital. Since U.S. attorneys make their decision first, they have the...
Persistent link: https://www.econbiz.de/10012472209