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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 …
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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 …
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, demand equations are derived accounting for the tolerance, reinforcement, and withdrawal characteristic of addictive … cigarettes are addictive but individuals behave myopically. The demand equations are estimated using adults interviewed as part … is an addictive behavior and that individuals do not behave myopically. Long run price elasticities of demand, fall in …
Persistent link: https://www.econbiz.de/10013224693
, demand equations are derived accounting for the tolerance, reinforcement, and withdrawal characteristic of addictive … cigarettes are addictive but individuals behave myopically. The demand equations are estimated using adults interviewed as part … is an addictive behavior and that individuals do not behave myopically. Long run price elasticities of demand, fall in …
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