Depression and Substance Abuse: A Rationalization of a Vicious Circle
While 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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"A Theory of Rational Addiction,"
University of Chicago - George G. Stigler Center for Study of Economy and State
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Economics Working Papers
wp04-22, School of Economics, University of Wollongong, NSW, Australia.
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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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