addiction. In contrast to prior research, we allow individuals to make their consumption decisions simultaneous with savings and … labor supply. When addictive goods have a stronger habit formation effect (an addiction effect'), individuals choose to save … less due to the anticipated adverse health consequences of addiction (a detrimental health effect'). This is particularly …

addiction. In contrast to prior research, we allow individuals to make their consumption decisions simultaneous with savings and … labor supply. When addictive goods have a stronger habit formation effect (an addiction effect'), individuals choose to save … less due to the anticipated adverse health consequences of addiction (a detrimental health effect'). This is particularly …

This paper provides an empirical test of the rational addiction model, used in economics to model individuals …

definitions of addiction itself, and the policy rationales for repeated changes in the rules. I argue, as a policy matter, that … indicates such benefits encourage rehabilitation and reduce the incidence of addiction …

This paper provides an empirical test of the rational addiction model, used in economics to model individuals …

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 …

The rational addiction model is usually tested by estimating a linear second-order difference Euler equation, which may … rational addiction model. It is also empirically convenient because it is simple, it allows using efficient estimation … addiction model …