1991
DOI: 10.1007/bf00138448
|View full text |Cite
|
Sign up to set email alerts
|

Rational addiction, lagged demands and the efficiency of excise taxes: Revisions of standard theory

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...
1

Citation Types

0
1
0

Year Published

1995
1995
2009
2009

Publication Types

Select...
4

Relationship

0
4

Authors

Journals

citations
Cited by 4 publications
(1 citation statement)
references
References 3 publications
0
1
0
Order By: Relevance
“…In a seminal article, Becker and Murphy (1988) developed a theory of rational addiction in which rationality meant that "consumers maximize utility from stable preferences as they try to anticipate the future consequences of their choices" (p. 675). This article has sparked theoretical work on consumption binges (Dockner and Feichtinger 1993), on the interaction of addiction and market structure (Fethke andJaganathan 1991, 1996;Hornstein 1994), and on the implications of addiction for the efficiency of excise taxes (McKenzie 1991). It also has motivated empirical studies of the demand for cigarettes (Chaloupka 1991;Keeler et al 1993;Becker, Grossman, and Murphy 1994;Showalter 1995).…”
Section: Introductionmentioning
confidence: 99%
“…In a seminal article, Becker and Murphy (1988) developed a theory of rational addiction in which rationality meant that "consumers maximize utility from stable preferences as they try to anticipate the future consequences of their choices" (p. 675). This article has sparked theoretical work on consumption binges (Dockner and Feichtinger 1993), on the interaction of addiction and market structure (Fethke andJaganathan 1991, 1996;Hornstein 1994), and on the implications of addiction for the efficiency of excise taxes (McKenzie 1991). It also has motivated empirical studies of the demand for cigarettes (Chaloupka 1991;Keeler et al 1993;Becker, Grossman, and Murphy 1994;Showalter 1995).…”
Section: Introductionmentioning
confidence: 99%