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The Economic Analysis of Substance Use and Abuse : An Integration of Econometric and Behavioral Economic Research by Frank J. Chaloupka (editor); Michael Grossman (editor); Warren K. Bickel (editor); Henry Saffer (editor) is a nonfiction available to read on EtoBox.

What is The Economic Analysis of Substance Use and Abuse : An Integration of Econometric and Behavioral Economic Research about?

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.

Who reads The Economic Analysis of Substance Use and Abuse : An Integration of Econometric and Behavioral Economic Research?

Author

Frank J. Chaloupka (editor); Michael Grossman (editor); Warren K. Bickel (editor); Henry Saffer (editor)

Publisher

The University of Chicago Press

Published

2009

Language

EN

ISBN

9780226100494

Category

nonfiction

Subjects

Business, Economics, Social Science