By Frank J. Chaloupka, Michael Grossman, Warren K. Bickel, Henry Saffer
Traditional knowledge as soon as held that the call for for addictive components like cigarettes, alcohol, and medication used to be in contrast to that for the other financial reliable and, accordingly, unresponsive to conventional marketplace forces. lately, even though, researchers from disparate fields, economics and behavioral psychology, have discovered that raises within the total fee of an addictive substance can considerably lessen either the variety of clients and the quantities these clients devour. alterations within the "full rate" of addictive substances—including financial worth, time outlay, attempt to procure, and strength consequences for unlawful use—yield marked adaptations in behavioral results and demand.The monetary research of Substance Use and Abuse brings those specified fields of analysis jointly and offers for the 1st time an built-in evaluate in their facts and effects. targeted and cutting edge, this multidisciplinary quantity will function a major source within the present debates referring to alcohol and drug use and abuse and the affects of legalizing illicit medications.
Read or Download The Economic Analysis of Substance Use and Abuse: An Integration of Econometric and Behavioral Economic Research (National Bureau of Economic Research Conference Report) PDF
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Additional info for The Economic Analysis of Substance Use and Abuse: An Integration of Econometric and Behavioral Economic Research (National Bureau of Economic Research Conference Report)
First, tobacco cigarettes are commercially available. Thus, substantial amounts of information about prices and consumption of tobacco cigarettes are available for economic analyses without the difficulty typical with illegal drugs. , Bickel et al. 1990, 1991, 1992), thereby permitting detailed comparisons with econometric studies. Of course, tobacco smoking, as the single greatest preventable cause of death, is an important public health problem to study. The purpose of this paper is to attempt to answer three questions-two of them posed earlier.
L Means and Standard Deviations for Model Variables (Sept. 1992, Jan. 93 *Statistically significant at the 1 percent level. References Barone, Michael, and Grant Ujifusa. 1993. Almanac ofAmerican politics 1994. : National Journal, Inc. - - - . 1995. Almanac ofAmerican politics 1996. : National Journal, Inc. , and Dan Levin. 1986. Estimating dynamic demand for cigarettes us- 28 Robert L. Ohsfeldt, Raymond G. Boyle, and Eli I. Capilooto ing panel data: The effects of bootlegging, taxation, and advertising reconsidered.
018* Cigarettes (Exogenous) Variables Cigarette taxa Snuff tax Regulation indexa Family income Occupation Farm/forestry Management Sales Service Age 16-19 Age 20-24 Age 65 or over White Hispanic Black non-Hispanic Black Hispanic High school graduate College graduate Employed Student Never married Divorced/widowed Married with no spouse present Child age ~ 5 in household Child age 6-17 in household High school graduates (%) Per capita income Population below poverty level (%) Unemployment rate Fundamentalists (%) No active religion (%) (4) aEndogenous variable in columns (2) and (4).