A Survey of Economic Models of Addictive Behavior

Journal of Drug Issues 28(3), pp. 631-643, (1998)

13 Pages Posted: 12 Mar 2013

See all articles by Michael Grossman

Michael Grossman

National Bureau of Economic Research (NBER), NY Office; CUNY The Graduate Center - Department of Economics

Frank J. Chaloupka

University of Illinois at Chicago - Department of Economics; National Bureau of Economic Research (NBER)

Richard Anderson

Stevens Institute of Technology, Wesley J. Howe School of Technology Management

Date Written: 1998

Abstract

In economic analyses of addictive behavior, the consumption of a certain good is termed to be an addiction if an increase in past consumption of the good leads to an increase in current consumption. From policy, legal, and public health perspectives, addictive goods are of interest because the consumption of many of these goods harms the consumer and others.

Keywords: Addictions, drug abuse

JEL Classification: C50

Suggested Citation

Grossman, Michael and Chaloupka, Frank J. and Anderson, Richard, A Survey of Economic Models of Addictive Behavior (1998). Journal of Drug Issues 28(3), pp. 631-643, (1998) , Available at SSRN: https://ssrn.com/abstract=2231465

Michael Grossman

National Bureau of Economic Research (NBER), NY Office ( email )

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Frank J. Chaloupka

University of Illinois at Chicago - Department of Economics ( email )

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Richard Anderson (Contact Author)

Stevens Institute of Technology, Wesley J. Howe School of Technology Management ( email )

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