Rational Addictive Behavior and Cigarette Smoking

Frank Chaloupka

Journal of Political Economy, 1991, vol. 99, issue 4, 722-42

Abstract: Cigarette demand equations accounting for tolerance, reinforcement, and withdrawal are derived using the Becker-Murphy model of rational addiction and are estimated using data from the second National Health and Nutrition Examination Survey. Estimates imply that smoking is addictive, individuals are not myopic, and price increases would reduce demand. Implications concerning time preference and addiction are tested by estimating the demand separately for samples based on age and education. Less educated (younger) individuals are found to behave more myopically than more educated (older) individuals, whereas more addicted (myopic) individuals are found to respond more to price, in the long run, than less addicted (myopic) individuals. Copyright 1991 by University of Chicago Press.

Date: 1991
References: Add references at CitEc
Citations: View citations in EconPapers (376)

Downloads: (external link)
http://dx.doi.org/10.1086/261776 full text (application/pdf)
Access to full text is restricted to subscribers. See http://www.journals.uchicago.edu/JPE for details.

Related works:
Working Paper: Rational Addictive Behavior and Cigarette Smoking (1990)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ucp:jpolec:v:99:y:1991:i:4:p:722-42

Access Statistics for this article

More articles in Journal of Political Economy from University of Chicago Press
Bibliographic data for series maintained by Journals Division ().