E-Cigarettes: The Extent and Impact of Complementary Dual-Use

Chris Doyle, David Ronayne and Daniel Sgroi

No 270219, Economic Research Papers from University of Warwick - Department of Economics

Abstract: The highly controversial e-cigarette industry has generated considerable policy debate and mixed regulatory responses worldwide. Surprisingly, an issue that has been largely ignored is the categorisation of e-cigarettes as substitutes or (dynamic) complements for conventional smoking. We conduct an online survey of US participants finding that 37% of e-cigarette users view them primarily as complementary. We use this result along-side publicly available data to calibrate a cost-benefit analysis, estimating that complementarity reduces the potential costsavings of e-cigarettes by as much as 57% (or $3.3-4.9bn p.a.) relative to case with zero complementarity.

Keywords: Financial; Economics (search for similar items in EconPapers)
Pages: 38
Date: 2015-10-10
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Working Paper: E-Cigarettes: The Extent and Impact of Complementary Dual-Use (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uwarer:270219

DOI: 10.22004/ag.econ.270219

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