On the Use of Panel Data Methods to Estimate Rational Addiction Models

Abstract

This paper reviews some of the econometrics problems faced when estimating a rational addiction model of Becker and Murphy (1988) using panel data. This is illustrated with three empirical applications. The …rst application looks at cigarette consumption using macro panel data on American states over time (see Baltagi and Gri¢ n (2001)). The second… (More)

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@inproceedings{Baltagi2006OnTU, title={On the Use of Panel Data Methods to Estimate Rational Addiction Models}, author={Badi H. Baltagi}, year={2006} }