The Economic Analysis of Substance Use and Abuse
An Integration of Econometric and Behavioral Economic Research
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Economic Analysis of Substance Use and Abuse by Frank J. Chaloupka
Book DescriptionConventional 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 behavioural 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 behavioural outcomes and demand. This book brings these fields of study together and presents an integrated assessment of their data and results. It should serve as a resource in the debates concerning alcohol and drug use and abuse, and the impacts of legalizing illicit drugs.
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Book DetailsISBN: 9780226100470
(234mm x 162mm x 27mm)
Imprint: University of Chicago Press
Publisher: The University of Chicago Press
Publish Date: 6-Sep-1999
Country of Publication: United States
Books By Author Frank J. Chaloupka
Tobacco Control in Developing Countries, Paperback (August 2000)» View all books by Frank J. Chaloupka
This book brings together a set of critical reviews of the current status of knowledge on tobacco control. It is intended to provide a sound and comprehensive evidence-base for the design of effective tobacco control policies in any country, with an emphasis on the needs of the low-income and middle-income countries where most smokers live.
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