Alamar, Benjamin; Glantz, Stanton - In: Contributions to Economic Analysis & Policy 5 (2006) 1, pp. 1482-1482
The dominant model of addictive consumption in economics is the theory of rational addiction. The addict in this model chooses how much they are going to consume based upon their level of addiction (past consumption), the current benefits and all future costs. Several empirical studies of...