In this paper I unify the economic theories of addiction and health deficit accumulation and develop a life cycle … longevity. I distinguish two types of addiction: perfect and common. Individuals with perfect addiction perfectly control their … addiction. Individuals with common addiction, though otherwise rational and forward looking, fail to fully understand how their …

accumulation with the theory of addiction. Chronic pain is conceptualized as a persistent negative shock to lifetime utility that … can be treated by pain relief medication. Individuals treated with opioid pain relievers (OPR) develop addiction, which … to identify fully rational and imperfectly rational addiction behavior. Fully rational addicts quickly quit OPR use when …

community in which individuals are heterogenous with respect to the experience of chronic pain and susceptibility to addiction …). In the second period they consider whether to continue non-medical opioid use to feed an addiction. Non-medical opioid … opioid epidemic is conceptualized as the transition from an equilibrium at which opioid use is low and addiction is highly …

In this paper, I combine economic theories of health behavior and addiction in order to explain the phenomenon of … successful in weight control and prone to addiction. Addiction to weight control motivates anorexic individuals to perpetually … faster and mortality risk rises. I calibrate the model to a reference American with bmi 28. Due to weight loss addiction, the …