Depression and Substance Abuse: A Rationalization of a Vicious Circle
AbstractWhile a mind-altering-substance consumption alleviates current level of depression, it facilitates future depression. Our analysis incorporates this trade off and shows that the stationary state of a consistently overly ambitious sophisticated substance user is improved by impatience, and that this improvement is amplified by the ratio of the instantaneous depression-relief effect to the state-degradation effect of the substance. The analysis also shows that the existence of a supportive personal community leads to permanent cyclical substance consumption when the user is relatively patient.
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Bibliographic InfoPaper provided by School of Economics, University of Wollongong, NSW, Australia in its series Economics Working Papers with number wp06-16.
Length: 23 pages
Date of creation: 2006
Date of revision:
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Postal: School of Economics, University of Wollongong, Northfields Avenue, Wollongong NSW 2522 Australia
Phone: +612 4221-3659
Fax: +612 4221-3725
Web page: http://business.uow.edu.au/econ/index.html
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Substance abuse; ambition; consistency; sophistication; impatience; state-maturation; state-degradation; depression; relief; community support; cycles;
Find related papers by JEL classification:
- D91 - Microeconomics - - Intertemporal Choice - - - Intertemporal Household Choice; Life Cycle Models and Saving
- I12 - Health, Education, and Welfare - - Health - - - Health Production
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- Feichtinger, Gustav & Novak, Andreas & Wirl, Franz, 1994. "Limit cycles in intertemporal adjustment models : Theory and applications," Journal of Economic Dynamics and Control, Elsevier, vol. 18(2), pages 353-380, March.
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"A Theory of Rational Addiction,"
University of Chicago - George G. Stigler Center for Study of Economy and State
41, Chicago - Center for Study of Economy and State.
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"Macroeconomic Aspects of Substance Abuse: Diffusion, Productivity and Optimal Control,"
Economics Working Papers
wp04-22, School of Economics, University of Wollongong, NSW, Australia.
- Levy, Amnon & Neri, Frank & Grass, Dieter, 2006. "Macroeconomic Aspects Of Substance Abuse: Diffusion, Productivity And Optimal Control," Macroeconomic Dynamics, Cambridge University Press, vol. 10(02), pages 145-164, April.
- Levy, Amnon, 2002. "Rational eating: can it lead to overweightness or underweightness?," Journal of Health Economics, Elsevier, vol. 21(5), pages 887-899, September.
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