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An Assessment of the Forward-Looking Hypothesis of the Demand for Cigarettes / Robert Kaestner, Kevin Callison.

NBER Working papers Available online

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Format:
Book
Author/Creator:
Kaestner, Robert.
Contributor:
National Bureau of Economic Research.
Callison, Kevin.
Series:
Working Paper Series (National Bureau of Economic Research) no. w24620.
NBER working paper series no. w24620
Language:
English
Physical Description:
1 online resource: illustrations (black and white);
Place of Publication:
Cambridge, Mass. National Bureau of Economic Research 2018.
Summary:
In this article we develop a model of the demand for cigarettes that incorporates forward-looking behavior related to the adverse health consequences of smoking and the addictive nature of cigarettes. The model results in several testable hypotheses that we use to examine the extent to which smokers exhibit forward-looking behavior. Results of our study are generally supportive of the notion that smokers behave in a forward-looking manner.
Notes:
Print version record
May 2018.

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