Showing 1 - 10 of 44,993
Persistent link: https://www.econbiz.de/10011896944
incorporates both addiction and social interactions and show that, under certain conditions, social interactions reinforce the … effects of addiction. I also show how the dynamics introduced by addiction can solve the pernicious problem of identifying the …
Persistent link: https://www.econbiz.de/10012452879
incorporates both addiction and social interactions and show that, under certain conditions, social interactions reinforce the … effects of addiction. I also show how the dynamics introduced by addiction can solve the pernicious problem of identifying the …
Persistent link: https://www.econbiz.de/10012914267
model where individuals, with and without pain, choose whether to misuse opioids knowing the probabilities of addiction and …-college educated that summarize the transitions into and out of opioid addiction as well as to a deadly overdose. We construct a …
Persistent link: https://www.econbiz.de/10012887735
The milk addiction paradox refers to an empirical finding in which commodities that are typically considered to be non … and when using aggregate data, and it suggests that the AR(2) model typically used in the addiction literature is prone to … produce spurious result in favor of rational addiction. Using both simulated and real data, we show that the milk addiction …
Persistent link: https://www.econbiz.de/10012198438
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
Duty-orientation implies a warm glow of giving as well as a cold shiver of not giving enough. If duty-oriented consumers learn their moral responsibility by observing others' behavior, social interaction in contribution behavior arises. However, since moral responsibility is a burden,...
Persistent link: https://www.econbiz.de/10014219104
We consider optional TOU (time-of-use) pricing for residential consumers as an alternative to a single TOU or flat rate structure offered by a publicly regulated electricity supplier. A general equilibrium model is developed and used to explore and quantify the effects of optional pricing on...
Persistent link: https://www.econbiz.de/10011688056
We investigate the relationship between the individual and household indirect utility functions in the context of a collective household model. Our analysis produces new results that explain how the rule governing the distribution of resources among household members is related to the...
Persistent link: https://www.econbiz.de/10011856707
We consider optional TOU (time-of-use) pricing for residential consumers as an alternative to a single TOU or flat rate structure offered by a publicly regulated electricity supplier. A general equilibrium model is developed and used to explore and quantify the effects of optional pricing on...
Persistent link: https://www.econbiz.de/10012961646