The Demand for Cocaine by Young Adults: A Rational Addiction Approach

@article{Grossman1998TheDF,
  title={The Demand for Cocaine by Young Adults: A Rational Addiction Approach},
  author={M. Grossman and F. Chaloupka and Charles C. Brown},
  journal={Health Economics eJournal},
  year={1998}
}
This paper applies the rational addiction model to the demand for cocaine by young adults in the Monitoring the Future panel. The price of cocaine is added to this survey from the Drug Enforcement Administration's System to Retrieve Information from Drug Evidence. Results suggest that annual participation and frequency of use given participation are negatively related to the price of cocaine. In addition, current participation (frequency) is positively related to past and future participation… Expand

Topics from this paper

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