Cost-benefit analysis involving addictive goods: contingent valuation to estimate willingness-to-pay for smoking cessation.

@article{Weimer2009CostbenefitAI,
  title={Cost-benefit analysis involving addictive goods: contingent valuation to estimate willingness-to-pay for smoking cessation.},
  author={David L. Weimer and Aidan R. Vining and Randall K. Thomas},
  journal={Health economics},
  year={2009},
  volume={18 2},
  pages={
          181-202
        }
}
The valuation of changes in consumption of addictive goods resulting from policy interventions presents a challenge for cost-benefit analysts. Consumer surplus losses from reduced consumption of addictive goods that are measured relative to market demand schedules overestimate the social cost of cessation interventions. This article seeks to show that consumer surplus losses measured using a non-addicted demand schedule provide a better assessment of social cost. Specifically, (1) it develops… 
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