Why do people drink? Tests of the rational addiction model

Teresa M. Waters; Frank A. Sloan

doi:10.1080/00036849500000062

Why do people drink? Tests of the rational addiction model

Teresa M. Waters, Frank A. Sloan

Research output: Contribution to journal › Article › peer-review

44 Scopus citations

Abstract

The rational addiction (RA) model applied to alcohol consumption is tested using 1983 US Health Interview Survey data. The RA model yields refutable hypotheses concerning effects of current, past, and future prices, past and future consumption, time preference and marginal utility of wealth on addictive good consumption. The estimations provide relatively strong support for the RA model. Past and present consumption had strong positive relationships with current consumption. Coefficients on past, present, and future money prices and fines for first offence drunk driving (as a form of price for alcohol consumption) were significant and of the predicted sign.

Original language	English (US)
Pages (from-to)	727-736
Number of pages	10
Journal	Applied Economics
Volume	27
Issue number	8
DOIs	https://doi.org/10.1080/00036849500000062
State	Published - Aug 1 1995
Externally published	Yes

ASJC Scopus subject areas

Economics and Econometrics

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10.1080/00036849500000062

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Why do people drink? Tests of the rational addiction model

Abstract

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