Greenwood, Jeremy; Guner, Nezih; Kopecky, Karen A. - National Bureau of Economic Research - 2022
There have been more than 500,000 opioid overdose deaths since 2000. To analyze the opioid epidemic, a model is constructed where individuals, with and without pain, choose whether to misuse opioids knowing the probabilities of addiction and dying. These odds are functions of opioid use. Markov...