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, we apply the Becker-Murphy model of rational addiction to present evidence that consumers are rationally addicted to soda … and consumption and study the role of addiction in influencing this impact. Using the parameter estimates, we conduct … policy experiments indicate that imposing a soda tax of 1 cent per ounce would reduce soda consumption by 28.3% and addiction …
Persistent link: https://www.econbiz.de/10013214825
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. …
Persistent link: https://www.econbiz.de/10011813595
This paper deals with one of the main empirical problems associated with the rational addiction theory, namely that its … addiction equation cannot distinguish between time consistency and inconsistency in preferences. We show that an encompassing … general specification of the rational addiction model embeds the possibility of testing for time consistent versus time …
Persistent link: https://www.econbiz.de/10012160910
in 2010, we find strong evidence that the activity follows a pattern of rational addiction. The result has implications …
Persistent link: https://www.econbiz.de/10014181246
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 …
Persistent link: https://www.econbiz.de/10014068830
addiction hypothesis in respect with goods without any biological dependency …
Persistent link: https://www.econbiz.de/10014076052
longitudinal data from RLMS, estimating a quasi-hyperbolic discounting rational addiction model for young and adult smokers …
Persistent link: https://www.econbiz.de/10014326453
Persistent link: https://www.econbiz.de/10012063980
In this paper, we attempt to show why the importance of relational goods compared to conventional goods and status goods threatens to decline in contemporary societies. In our point of view, the development of the relative significance of these three types of goods is not a consequence of...
Persistent link: https://www.econbiz.de/10009356432
We examine theoretically and empirically social interactions in labor markets and how policy prescriptions can change dramatically when there are social interactions present. Spillover effects increase labor supply and conformity effects make labor supply perfectly inelastic at a reference group...
Persistent link: https://www.econbiz.de/10009379499