After a discussion of cigarette smoking in the context of the Becker-Murphy (1988) model of rational addictive behavior … consumption. These are contrasted to equations developed under the competing hypotheses that smoking is not addictive or that … of the Second National Health and Nutrition Examination Survey. Estimates support the assumptions that cigarette smoking …

After a discussion of cigarette smoking in the context of the Becker-Murphy (1988) model of rational addictive behavior … consumption. These are contrasted to equations developed under the competing hypotheses that smoking is not addictive or that … of the Second National Health and Nutrition Examination Survey. Estimates support the assumptions that cigarette smoking …

Because of the high social cost of cigarette smoking, many countries impose advertising restrictions to reduce … smoking. This conclusion is incorrect because it ignores the fact that advertising restrictions have supply as well as demand … holds for both myopic and rational addiction models …

rational addiction is robust, with a focus on smoking behaviour …Since the end of the eighties the Becker and Murphy model of rational addiction has been the dominant approach to … estimate addiction effects. A rational addictive consumer, a smoker for instance, is supposed to maximize over the life cycle a …