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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 … stable utility function and to be fully aware of the future consequences of her addiction and chooses to be an addicted …
Persistent link: https://www.econbiz.de/10014094264
Sharp nonparametric bounds are derived for Hicksian compensating and equivalent variations. These 'i-bounds' generalize earlier results of Blundell, Browning and Crawford (2008). We show that their e-bounds are sharp under the Weak Axiom of Revealed Preference (WARP). They do not require...
Persistent link: https://www.econbiz.de/10013101454
Objective – This study looks at the addiction behaviour of Pokémon Go players in Malaysia. Its purpose is to identify … the addiction behaviour of Pokémon Go players in terms of their awareness and attitude. Using the Theory of Planned … Behaviour (TPB), the objectives of the study are:(1) to identify the level of awareness, attitude and addiction behaviour of …
Persistent link: https://www.econbiz.de/10012854013
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
, we apply the Becker-Murphy model of rational addiction to present evidence that consumers are rationally addicted to soda … and consumption and study the role of addiction in influencing this impact. Using the parameter estimates, we conduct … policy experiments indicate that imposing a soda tax of 1 cent per ounce would reduce soda consumption by 28.3% and addiction …
Persistent link: https://www.econbiz.de/10013214825
This paper deals with one of the main empirical problems associated with the rational addiction theory, namely that its … addiction equation cannot distinguish between time consistency and inconsistency in preferences. We show that an encompassing … general specification of the rational addiction model embeds the possibility of testing for time consistent versus time …
Persistent link: https://www.econbiz.de/10012160910
This paper examines the demand for attendance at National Football League (NFL) games using a rational addiction model … to test the hypothesis that professional football displays the properties of a habit-forming good. Rational addiction … display characteristics of rational addiction in their consumption behavior …
Persistent link: https://www.econbiz.de/10014068830
Persistent link: https://www.econbiz.de/10003907831
This paper investigates the impact of peer observation on the consumption decisions of rural households in Thailand using a lab-in-the-field experiment. We find that those groups that observe each other show lower within group standard deviation in their decisions. Thus, we find evidence for...
Persistent link: https://www.econbiz.de/10011392209
The aim of the paper is an examination wheatear the social spillover of consumption behaviours differs for the homophily and heterophily based structure of interactions. As an approximation of agents' behaviours households' expenditures with the reference person attributes were used. The...
Persistent link: https://www.econbiz.de/10011419328