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constructed where individuals choose whether to use opioids recreationally, knowing the probabilities of addiction and dying …-college educated that summarize the transitions into and out of opioid addiction as well as to a deadly overdose. The structural model …
Persistent link: https://www.econbiz.de/10013382024
controversial. I adapt the classic Becker-Murphy model of rational addiction for video games and apply it to a micro-data panel … collected from the online video game Team Fortress 2. I find evidence of significant rational addiction; past and future … individual potential addicts in a way consistent with the rational addiction model. Finally, including learning-by-doing provides …
Persistent link: https://www.econbiz.de/10014144178
A model of rational addiction (RA) with optimal inventories is developed and empirically tested using data on purchases …
Persistent link: https://www.econbiz.de/10014062799
The milk addiction paradox refers to an empirical finding in which commodities that are typically considered to be non … and when using aggregate data, and it suggests that the AR(2) model typically used in the addiction literature is prone to … produce spurious result in favor of rational addiction. Using both simulated and real data, we show that the milk addiction …
Persistent link: https://www.econbiz.de/10012198438
incorporates both addiction and social interactions and show that, under certain conditions, social interactions reinforce the … effects of addiction. I also show how the dynamics introduced by addiction can solve the pernicious problem of identifying the …
Persistent link: https://www.econbiz.de/10012914267
incorporates both addiction and social interactions and show that, under certain conditions, social interactions reinforce the … effects of addiction. I also show how the dynamics introduced by addiction can solve the pernicious problem of identifying the …
Persistent link: https://www.econbiz.de/10012452879
This paper develops nonparametric methods for welfare-analysis of economic changes in the common setting of multinomial choice. The results cover (a) simultaneous price-change of multiple alternatives, (b) introduction/elimination of an option, (c) changes in choice-characteristics, and (d)...
Persistent link: https://www.econbiz.de/10014155365
We simulate the welfare effects of the Carbon-Energy Tax introduced in Italy at the beginning of 1999 which asks for smooth increases, over a number of years, in the prices of most fossil fuels. The welfare effects have been calculated using True Cost of Living index numbers and their parameters...
Persistent link: https://www.econbiz.de/10014115190
We introduce a Bayesian instrumental variable procedure with spatial random effects that handles endogeneity, and spatial dependence with unobserved heterogeneity. We take into account the endogeneity through a system of simultaneous equations where a conditional correlation between the...
Persistent link: https://www.econbiz.de/10013024447
In this paper we develop an approach to measuring inequality and poverty that recognizes the fact that individuals within households may have both different preferences and differential access to resources. We argue that a measure based on estimates of the sharing rule is inadequate as an...
Persistent link: https://www.econbiz.de/10013053289