Artikel Jurnal

A dynamic model of rational addiction: evaluating cigarette taxes. e-journal

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Addiction creates an intertemporal link between a consumer's past and present decisions, altering their responsiveness to price changes relative to nonaddictive products. We construct a dynamic model of rational addiction and endogenous consumption to investigate how consumers respond to policy interventions that aim to reduce purchases of cigarettes. We find that, on average, the category elasticity is about 35% higher when the model correctly accounts for addiction. However, some policies spur substitution from more expensive single packs to less expensive cartons of cigarettes, resulting in higher overall consumption for some consumers.

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Ketersediaan

Informasi Detail

Judul Seri

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No. Panggil

336.2 GOR a

Penerbit

: Institute for Operations Research and the Management Sciences., 2015

Deskripsi Fisik

452-470 hlm ; 19 lembar

Bahasa

English

ISBN/ISSN

0732-2399

Klasifikasi

336.2

Tipe Isi

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Tipe Media

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Tipe Pembawa

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Edisi

Vol. 34, Issue 3

Subjek

taxes

Info Detail Spesifik

Document Type: Statistical data

Pernyataan Tanggungjawab

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Versi lain/terkait

Lampiran Berkas

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