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Are smokers too optimistic?

In: The Economic Analysis of Substance Use and Abuse

Author

Listed:
  • Frank A. Sloan
  • Donald H. Taylor Jr.
  • V. Kerry Smith

Abstract

This book extends the frontiers of research on the economics of substance use and abuse in a variety of extremely significant ways. It focuses on the determinants and consequences of the consumption of cigarettes, alcohol, betel quid, and illicit drugs in the United States, Great Britain and Taiwan. The authors use a variety of empirical techniques to examine the roles of price, advertising, risk perception, time preference and forward-looking behaviour in consumption decisions and the effects of these decisions on labour market outcomes, unintended pregnancies and criminal violence.

Suggested Citation

  • Frank A. Sloan & Donald H. Taylor Jr. & V. Kerry Smith, 2001. "Are smokers too optimistic?," Chapters, in: Michael Grossman & Chee-Ruey Hsieh (ed.), The Economic Analysis of Substance Use and Abuse, chapter 5, pages 103-134, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:2347_5
    as

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