The Economic Analysis of Substance Use and Abuse: An Integration of Econometric and Behavioral Economic Research
Frank J. Chaloupka, Michael Grossman, Warren K. Bickel, Henry Saffer
University of Chicago Press, Feb 15, 2009 - Business & Economics - 393 pages
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.
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abstinence alcohol abuse alcohol consumption alcohol dependence Analysis of Behavior arc elasticity baseline behavioral economics Bickel Carroll Chaloupka choice cigarette smoking clinical cocaine cocaine and marijuana commodity consume decreased DeGrandpre demand curve demographic discounting drinkers drinking drug abuse drug self-administration earnings econometric effect of drug elasticity of demand estimates ethanol fringe benefits function Grossman Health heroin price Higgins Hispanic human capital Hursh hyperbolic discount illicit drug income conditions indicate individual intake intertemporal choice interventions Journal Kenkel and Wang laboratory males measures methadone Michael Grossman National NHSDA NLSY nondrug reinforcer nonethanol panel participation past-year patients percent poverty price change price elasticity price increases problems purchases rates rational addiction reduce relationship relatively reported response saccharin Saffer session significant snuff studies subjects substitute survey Table tion treatment unit prices users valium variables voucher Vuchinich wages Warren K
Page vi - RELATION OF NATIONAL BUREAU DIRECTORS TO PUBLICATIONS REPORTING CONFERENCE PROCEEDINGS Since the present volume is a record of conference proceedings, it has been exempted from the rules governing submission of manuscripts to, and critical review by, the Board of Directors of the National Bureau.