| The Economic Analysis of Substance Use and Abuse: An Integration of Econometric and Behavioral Economic Research Contributor(s): Chaloupka, Frank J. (Editor), Grossman, Michael (Editor), Bickel, Warren K. (Editor) |
|
 |
ISBN: 0226100472 ISBN-13: 9780226100470 Publisher: University of Chicago Press OUR PRICE: $93.06 Product Type: Hardcover Published: August 1999 Annotation: Conventional wisdom once held that the demand for addictive substances like cigarettes, alcohol, and drugs was unlike that for any other economic good and, therefore, unresponsive to traditional market forces. Recently, however, researchers from two disparate fields, economics and behavioral psychology, have found that increases in the overall price of an addictive substance can significantly reduce both the number of users and the amounts those users consume. Changes in the "full price" of addictive substances--including monetary value, time outlay, effort to obtain, and potential penalties for illegal use--yield marked variations in behavioral outcomes and demand. "The Economic Analysis of Substance Use and Abuse" brings these distinctive fields of study together and presents for the first time an integrated assessment of their data and results. Unique and innovative, this multidisciplinary volume will serve as an important resource in the current debates concerning alcohol and drug use and abuse and the impacts of legalizing illicit drugs. |
| Additional Information |
| BISAC Categories: - Business & Economics | Econometrics |
| Dewey: 338.433 |
| LCCN: 99-17554 |
| Series: National Bureau of Economic Research Conference Report |
| Physical Information: 1.07" H x 6.39" W x 9.36" (1.50 lbs) 393 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: Conventional wisdom once held that the demand for addictive substances like cigarettes, alcohol, and drugs was unlike that for any other economic good and, therefore, unresponsive to traditional market forces. Recently, however, researchers from two disparate fields, economics and behavioral psychology, have found that increases in the overall price of an addictive substance can significantly reduce both the number of users and the amounts those users consume. Changes in the full price of addictive substances--including monetary value, time outlay, effort to obtain, and potential penalties for illegal use--yield marked variations in behavioral outcomes and demand. The Economic Analysis of Substance Use and Abuse brings these distinctive fields of study together and presents for the first time an integrated assessment of their data and results. Unique and innovative, this multidisciplinary volume will serve as an important resource in the current debates concerning alcohol and drug use and abuse and the impacts of legalizing illicit drugs. |