IDEAS home Printed from https://ideas.repec.org/p/ags/aare11/100723.html
   My bibliography  Save this paper

Damaged Goods: A resource depletion model of addictive consumption

Author

Listed:
  • Tregeagle, Daniel
  • Harris, Michael
  • Hertzler, Greg

Abstract

Economic research on the consumption of harmful goods focuses principally on the addictive nature of consumption rather than its impacts on health, despite medical research showing that consumers primarily consider health effects when making decisions about addictive behaviour. In this paper, the standard rational addiction model is recast in terms of a resource depletion problem, where the resource in question is a depletable stock of health, and the time horizon is finite. Analysis of the prototype health depletion model finds two types of consumption path, one that is compatible with the results from rational addiction and one that is not. Several extensions to the prototype model are explored.

Suggested Citation

  • Tregeagle, Daniel & Harris, Michael & Hertzler, Greg, 2011. "Damaged Goods: A resource depletion model of addictive consumption," 2011 Conference (55th), February 8-11, 2011, Melbourne, Australia 100723, Australian Agricultural and Resource Economics Society.
  • Handle: RePEc:ags:aare11:100723
    as

    Download full text from publisher

    File URL: http://purl.umn.edu/100723
    Download Restriction: no

    More about this item

    Keywords

    Resource /Energy Economics and Policy;

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:aare11:100723. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search). General contact details of provider: http://edirc.repec.org/data/aaresea.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.