An Assessment of the Forward-Looking Hypothesis of the Demand for Cigarettes

37 Pages Posted: 25 May 2018 Last revised: 10 Apr 2021

See all articles by Robert Kaestner

Robert Kaestner

University of Chicago; National Bureau of Economic Research (NBER)

Kevin Callison

Tulane University - Department of Global Health Systems and Development

Date Written: May 2018

Abstract

In this article we develop a model of the demand for cigarettes that incorporates forward-looking behavior related to the adverse health consequences of smoking and the addictive nature of cigarettes. The model results in several testable hypotheses that we use to examine the extent to which smokers exhibit forward-looking behavior. Results of our study are generally supportive of the notion that smokers behave in a forward-looking manner.

Suggested Citation

Kaestner, Robert and Callison, Kevin, An Assessment of the Forward-Looking Hypothesis of the Demand for Cigarettes (May 2018). NBER Working Paper No. w24620, Available at SSRN: https://ssrn.com/abstract=3182219

Robert Kaestner (Contact Author)

University of Chicago ( email )

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Chicago, IL 60637
United States

National Bureau of Economic Research (NBER)

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New York, NY 10004
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Kevin Callison

Tulane University - Department of Global Health Systems and Development ( email )

New Orleans, LA 70112
United States

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