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Addiction and Discounting

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  • Bretteville-Jensen, A.L.
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    Abstract

    In 1988, Becker and Murphy [Becker, G.S., Murphy, K.M., 1988 A theory of rational addiction. Journal of Political Economy, 96, 675-700.] launched a theory in which they proposed that the perspective of rational decision-making could be applied also to cases of addictive bahaviour. This paper discusses the theory's assumptions of intepersonal variation and stability in time preferences on the basis of estimates derived from three groups of people with different consumption levels of illegal intoxicants.

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    Bibliographic Info

    Paper provided by Department of Economics, University of Bergen in its series Norway; Department of Economics, University of Bergen with number 198.

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    Length: 15 pages
    Date of creation: 1999
    Date of revision:
    Handle: RePEc:fth:bereco:198

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    Postal: Department of Economics, University of Bergen Fosswinckels Gate 6. N-5007 Bergen, Norway
    Phone: (+47)55589200
    Fax: (+47)55589210
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    Web page: http://www.uib.no/econ/
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    Keywords: GENERATIONS ; MICROECONOMICS;

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    Cited by:
    1. Richards, Timothy J. & Hamilton, Stephen F. & Pofahl, Geoffrey M., 2010. "Obesity and Hyperbolic Discounting: An Experimental Analysis," 2010 Annual Meeting, July 25-27, 2010, Denver, Colorado 61186, Agricultural and Applied Economics Association.
    2. Blondel, Serge & Loheac, Youenn & Rinaudo, Stephane, 2007. "Rationality and drug use: An experimental approach," Journal of Health Economics, Elsevier, vol. 26(3), pages 643-658, May.
    3. Finke, Michael S. & Huston, Sandra J., 2013. "Time preference and the importance of saving for retirement," Journal of Economic Behavior & Organization, Elsevier, vol. 89(C), pages 23-34.
    4. Andrew M. Jones & José M. Labeaga, 2003. "Individual heterogeneity and censoring in panel data estimates of tobacco expenditure," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 18(2), pages 157-177.
    5. Dahal, Arati & Fertig, Angela, 2013. "An econometric assessment of the effect of mental illness on household spending behavior," Journal of Economic Psychology, Elsevier, vol. 37(C), pages 18-33.
    6. Grignon, Michel, 2009. "An empirical investigation of heterogeneity in time preferences and smoking behaviors," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 38(5), pages 739-751, October.
    7. Booij, Adam S. & van Praag, Bernard M.S., 2009. "A simultaneous approach to the estimation of risk aversion and the subjective time discount rate," Journal of Economic Behavior & Organization, Elsevier, vol. 70(1-2), pages 374-388, May.
    8. Timothy J. Richards & Paul M. Patterson & Abebayehu Tegene, 2007. "Obesity And Nutrient Consumption: A Rational Addiction?," Contemporary Economic Policy, Western Economic Association International, vol. 25(3), pages 309-324, 07.
    9. Hubert De La Bruslerie & Florent Pratlong, 2012. "La valeur psychologique du temps : Une synthèse de la littérature," Post-Print halshs-00636357, HAL.
    10. Sophie Massin, 2011. "La notion d'addiction en économie : La théorie du choix rationnel à l'épreuve," Revue d'économie politique, Dalloz, vol. 121(5), pages 713-750.
    11. Been-Lon Chen & Yu-Shan Hsu & Chia-Hui Lu, 2011. "Friedman meets Becker and Mulligan in a monetary neoclassical growth model," Journal of Economics, Springer, vol. 104(2), pages 99-126, October.
    12. de La Bruslerie, Hubert, 2009. "Term structure of psychological interest rates: A behavioural test," Economics Papers from University Paris Dauphine 123456789/3033, Paris Dauphine University.
    13. Cairns, John, 2006. "Developments in discounting: With special reference to future health events," Resource and Energy Economics, Elsevier, vol. 28(3), pages 282-297, August.
    14. Jofre-Bonet, Mireia & Petry, Nancy M., 2008. "Trading apples for oranges?: Results of an experiment on the effects of Heroin and Cocaine price changes on addicts' polydrug use," Journal of Economic Behavior & Organization, Elsevier, vol. 66(2), pages 281-311, May.
    15. Lippai, László, 2010. "Fogyasztói önkontrollt igénylő döntések empirikus vizsgálata
      [An empirical examination of consumer decisions requiring self-control]
      ," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(7), pages 700-714.
    16. Anne Bretteville-Jensen, 2006. "Drug Demand – Initiation, Continuation and Quitting," De Economist, Springer, vol. 154(4), pages 491-516, December.
    17. Ignacio Munyo, . "The Juvenile Crime Dilemma," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics.
    18. Lippai, László, 2009. "Az intertemporális diszkontálási folyamatok jelentősége a fogyasztói döntésekben
      [The importance of inter-temporal discounting processes to consumer decision-making]
      ," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(7), pages 689-708.
    19. Lurås, Hilde, 2009. "A healthy lifestyle: The product of opportunities and preferences," HERO On line Working Paper Series 2001:11, Oslo University, Health Economics Research Programme.

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