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Interpreting the rational addiction model

✍ Scribed by Brian S. Ferguson

Publisher: John Wiley and Sons
Year: 2000
Tongue: English
Weight: 115 KB
Volume: 9
Category: Article
ISSN: 1057-9230
DOI: 10.1002/1099-1050(200010)9:7<587::aid-hec538>3.0.co;2-j

No coin nor oath required. For personal study only.

✦ Synopsis

The rational addiction (RA) model of Becker and Murphy (Becker GS, Murphy KM. A theory of rational addiction. J Pol Econ 1988; 96(4): 675-700) has rapidly become one of the standard models in the literature on addictive behaviour. This paper reviews some theoretical issues surrounding its use, and indicates areas in which caution should be used in applying this model.

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