On the use of panel data methods to estimate rational addiction models

Research output: Contribution to journalReview article

7 Scopus citations

Abstract

This paper reviews some of the econometrics problems faced when estimating a rational addiction model of Becker and Murphy using panel data. This is illustrated with three empirical applications. The first application looks at cigarette consumption using macro panel data on American states over time. The second application looks at liquor consumption using macro panel data on American states over time. The third application uses micro-panel data on Russian alcohol consumption.

Original languageEnglish (US)
Pages (from-to)1-18
Number of pages18
JournalScottish Journal of Political Economy
Volume54
Issue number1
DOIs
StatePublished - Feb 1 2007

Keywords

  • Cigarette Consumption
  • Liquor Consumption
  • Panel Data
  • Rational Addiction

ASJC Scopus subject areas

  • Sociology and Political Science
  • Economics and Econometrics

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