AN EMPIRICAL ANALYSIS OF ALCOHOL ADDICTION: RESULTS FROM THE MONITORING THE FUTURE PANELS

In a panel of young adults, we find that alcohol consumption is addictive in the sense that increases in past or future consumption cause current consumption to rise. The positive and significant future consumption effect is consistent with the hypothesis of rational addiction. The long‐run price el...

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Veröffentlicht in:	Economic inquiry 1998-01, Vol.36 (1), p.39-48
Hauptverfasser:	GROSSMAN, MICHAEL, CHALOUPKA, FRANK J., SIRTALAN, ISMAIL
Format:	Artikel
Sprache:	eng
Schlagworte:	Addictions Addictive behaviors Age Alcohol use Alcoholic beverages Alcoholism Consumption Drug addiction Economic theory Elasticity of demand Fiscal policy Hypotheses Laws, regulations and rules Price elasticity Social research Studies Utility functions Young adults
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