The Economic Analysis of Substance Use and Abuse

The Economic Analysis of Substance Use and Abuse

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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 qfull priceq of addictive substancesa€”including monetary value, time outlay, effort to obtain, and potential penalties for illegal usea€”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.If the survey county was not in one of these areas, then a population-weighted average of the price from all DBA cities from that state was used. 5.3.3 Cocaine and Marijuana Penalty Variables In examining the effects of cocaine and marijuana penalties on consumption, we ... dollar fines for first-offense possession of less than one ounce and one pound of marijuana were added to the survey data, as wellanbsp;...

Title:The Economic Analysis of Substance Use and Abuse
Author:Frank J. Chaloupka, Michael Grossman, Warren K. Bickel, Henry Saffer
Publisher:University of Chicago Press - 2009-02-15


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