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A standard model of addictive process is Becker and Murphy's rational addiction' model, which has the key empirical … the inconsistent preferences which are likely to provide a much better platform for understanding the smoking decision. We … per pack of cigarettes should be at least one dollar higher under our formulation than in the rational addiction case …
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A standard model of addictive process is Becker and Murphy's rational addiction' model, which has the key empirical … the inconsistent preferences which are likely to provide a much better platform for understanding the smoking decision. We … per pack of cigarettes should be at least one dollar higher under our formulation than in the rational addiction case …
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