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Books > Business & Economics > Economics
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Substance Use - Individual Behavior, Social Interaction, Markets and Politics (Hardcover)
Loot Price: R4,567
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Substance Use - Individual Behavior, Social Interaction, Markets and Politics (Hardcover)
Series: Advances in Health Economics and Health Services Research
Expected to ship within 12 - 17 working days
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The economics of substance use and abuse deals with the consumption
of goods that share two properties. First, they are addictive in
the sense that an increase in past consumption of the good leads to
an increase in current consumption. Second, their consumption harms
the consumer and others. This second property makes them of
interest from policy, legal, and public health perspectives. The
tremendous expansion in research in the economics of substance use
and abuse since the early 1980s and the presence of many unresolved
issues motivate this volume. While most of the papers are by
economists, the disciplines of medicine, political science, and
psychology also are represented. Any successful attempt to address
substance use must adopt an interdisciplinary perspective. The aim
of the volume to cover issues pertaining to individual behavior,
social interactions, markets, and politics makes this all the more
necessary. Some of the twenty papers in the volume contain new
estimates of the price sensitivity of alcohol, cigarettes,
marijuana, cocaine, and heroin. Others focus on the effects of
consumption on earnings, crime, suicide, and sexually transmitted
diseases. Still others address the roles of psychobiology, social
interaction, hyperbolic discounting, and peer effects in shaping
decisions with regard to the use of harmfully addictive substances.
To a larger or lesser extent, all the papers contain implications
for policy-making. A number of papers, however, are more directly
concerned with policy-making and with the policy-making
environment, including evaluations of the costs and benefits of
treatment services for abusers. Readers of this volume should gain
a much betterunderstanding of what we know and what we still need
to know about the economics of substance use and abuse.
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