The Economic Analysis of Substance Use and Abuse: An Integration of Econometric and Behavioral Economic Research

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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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II Alcohol Use and Abuse
III Illicit Drug Use
IV Polydrug Use
V Substance Abuse and Employment
VI Substance Use and Income
Author Index
Subject Index

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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.
Page 3 - Health (NIH): the National Institute on Alcohol Abuse and Alcoholism, the National Institute on Drug Abuse, and the National Institute of Mental Health. The names and addresses of staff people at each agency are available from the address above.

About the author (2009)

professor of economics at the University of Illinois at Chicago and a research associate of the National Bureau of Economics Research.

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