The Economic Analysis of Substance Use and Abuse

Edited by Frank Chaloupka, Michael Grossman, Warren K. Bickel and Henry Saffer ()

in National Bureau of Economic Research Books from University of Chicago Press

Abstract: Conventional wisdom once held that the demand for addictive substances like cigarettes, alcohol, and drugs was unlike that for any other economic good and, therefore, unresponsive to traditional market forces. Recently, however, researchers from two disparate fields, economics and behavioral psychology, have found that increases in the overall price of an addictive substance can significantly reduce both the number of users and the amounts those users consume. Changes in the "full price" of addictive substances—including monetary value, time outlay, effort to obtain, and potential penalties for illegal use—yield marked variations in behavioral outcomes and demand. The Economic Analysis of Substance Use and Abuse brings these distinctive fields of study together and presents for the first time an integrated assessment of their data and results. Unique and innovative, this multidisciplinary volume will serve as an important resource in the current debates concerning alcohol and drug use and abuse and the impacts of legalizing illicit drugs.

Date: 1999
Edition: 1
ISBN: 9780226100470
References: Add references at CitEc
Citations: View citations in EconPapers (52)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
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:bknber:9780226100470

Ordering information: This item can be ordered from
https://press.uchica ... ago/E/bo3634698.html
The price is $199.00.

Access Statistics for this book

More books in National Bureau of Economic Research Books from University of Chicago Press
Bibliographic data for series maintained by Books Division ().