In our increasingly globalized world of shared cultures, we have seen the spread of addictive behaviors such as smoking … other addictive practices. He then tests his theories with data on smoking, lottery gambling and pachinko gambling, to … behaviors such as smoking and various forms of gambling. The issues of information asymmetry (e.g., the effect of lottery …

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 …