| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w5713 |
| 来源ID | Working Paper 5713 |
| The Demand for Cocaine by Young Adults: A Rational Addiction Approach | |
| Michael Grossman; Frank J. Chaloupka; Charles C. Brown | |
| 发表日期 | 1996-08-01 |
| 出版年 | 1996 |
| 语种 | 英语 |
| 摘要 | This paper applies the rational addiction model, which emphasizes the interdependency of past, current, and future consumption of an addictive good, 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 System to Retrieve Information from Drug Evidence (STRIDE) maintained by the Drug Enforcement Administration of the U.S. Department of Justice. Results suggest that annual participation and frequency of use given participation are negatively related to the price of cocaine. In addition current participation is positively related to past and future participation, and current frequency of use given participation is positively related to past and future frequency of use. The long-run price elasticity of total consumption (participation multiplied by frequency given participation) of -1.18 is substantial. A permanent 10 percent reduction in price due, for example, to the legalization of cocaine would cause the number of cocaine users to grow by slightly more than 8 percent and would increase the frequency of use among users by a little more than 3 percent. Surely, both proponents and opponents of drug legalization should take account of this increase in consumption in debating their respective positions. |
| 主题 | Health, Education, and Welfare ; Health |
| URL | https://www.nber.org/papers/w5713 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/563197 |
| 推荐引用方式 GB/T 7714 | Michael Grossman,Frank J. Chaloupka,Charles C. Brown. The Demand for Cocaine by Young Adults: A Rational Addiction Approach. 1996. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w5713.pdf（2421KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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