Haavio, Markus; Kotakorpi, Kaisa - CESifo - 2012
, 2007) to correct the distortion in the consumption of a harmful good when consumers suffer from varying degrees of self-control … licenses induce only sophisticated individuals with low levels of self-control problems to consume optimally. The consumption … of naïve individuals as well as sophisticated individuals with severe self-control problems remains too high, and welfare …