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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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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 …
Persistent link: https://www.econbiz.de/10013224693
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 …
Persistent link: https://www.econbiz.de/10012475769
rational addiction model. It is also empirically convenient because it is simple, it allows using efficient estimation …The rational addiction model is usually tested by estimating a linear second-order difference Euler equation, which may … application we estimate the demand for smoking in the US from 1970 to 2016, and we show that it is consistent with the rational …
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-household sharing of goods. We develop a survey method that tests the validity of this equation, without utility-estimation restrictions …
Persistent link: https://www.econbiz.de/10010419864
Much analysis in macroeconomics empirically addresses economy-wide incentives behind consumer/investment choices by using insights from the way a single representative household would behave. Heterogeneity at the micro level can jeopardize attempts to back up the representative consumer...
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