Economic Analysis of Substance Use and Abuse
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abuse
addiction
alcohol
behavioral psychology
capitalism
Category=JBFN2
Category=KCH
Category=KN
cigarettes
cocaine
consumers
consumption
cost
criminal penalties
criminalization
demand
drugs
economics
effort to obtain
employment
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
eq_society-politics
heroin addicts
illegal
income
intervention
law
legalization
marijuana
market forces
mental illness
monetary value
nonfiction
poverty
price
regulation
restriction
smoking
substance use
supply
taxes
time outlay
youth
Product details
- ISBN 9780226100470
- Weight: 680g
- Dimensions: 17 x 24mm
- Publication Date: 01 Aug 1999
- Publisher: The University of Chicago Press
- Publication City/Country: US
- Product Form: Hardback
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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 behavioural 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 "full price" of addictive substances - including monetary value, time outlay, effort to obtain, and potential penalties for illegal use - yield marked variations in behavioural outcomes and demand. This book brings these fields of study together and presents an integrated assessment of their data and results. It should serve as a resource in the debates concerning alcohol and drug use and abuse, and the impacts of legalizing illicit drugs.
