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Rational Choice with Passion: Virtue in a Model of Rational Addiction

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  • Andrew Yuengert

Abstract

By incorporating a divided self into the rational addiction framework, this paper provides a rationale for and an explicit analysis of two types of budget-shrinking behaviors - actions taken to limit access to lifetime wealth in a given period, and actions taken to change the effective price of the addictive good. Moreover, internal conflict models provide a normative rationale, absent from rational addiction models, for policies that limit access to addictive goods.

Suggested Citation

  • Andrew Yuengert, 2001. "Rational Choice with Passion: Virtue in a Model of Rational Addiction," Review of Social Economy, Taylor & Francis Journals, vol. 59(1), pages 1-21.
    • Handle: RePEc:taf:rsocec:v:59:y:2001:i:1:p:1-21
    DOI: 10.1080/00346760010017492
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    References listed on IDEAS

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    Cited by:

    1. Tarka, Piotr & Kukar-Kinney, Monika & Harnish, Richard J., 2022. "Consumers’ personality and compulsive buying behavior: The role of hedonistic shopping experiences and gender in mediating-moderating relationships," Journal of Retailing and Consumer Services, Elsevier, vol. 64(C).
    2. Elodie Brahic & Valérie Clément & Nathalie Moureau & Marion Vidal, 2008. "A la recherche des Merit Goods," Working Papers 08-08, LAMETA, Universtiy of Montpellier, revised Jun 2008.

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