Rational Addiction and Rational Cessation : A Dynamic Structural Model of Cigarette consumption

@inproceedings{ChooRationalAA,
  title={Rational Addiction and Rational Cessation : A Dynamic Structural Model of Cigarette consumption},
  author={E. B. L. Choo and Mireia Jofre-Bonet and Jennifer Murdock and Katja Seim and N. P. Moshkin}
}
Much of the existing empirical literature on smoking addiction takes a reduced form approach. While interesting and simple to implement, this approach only allows a restricted range of possible policy experiments, usually in the form of price changes. This paper builds and estimates a dynamic structural model of rational addiction and cessation using longitudinal data from a smoking cessation study. A new methodological framework is presented that explains quitting and smoking behavior, and… CONTINUE READING