Rational addiction to alcohol: panel dat
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Badi H. Baltagi; James M. Griffin
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Article
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2002
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John Wiley and Sons
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English
β 110 KB
## Abstract Utilizing a panel data set of 42 states over the period 1959β1994, this paper estimates a rational addiction model for liquor consumption for the US. The empirical evidence is consistent with the rational addiction hypothesis proposed by Becker and Murphy. However, the results are sensi