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Books > Business & Economics > Economics > Microeconomics
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Valuing the Cost of Smoking - Assessment Methods, Risk Perception and Policy Options (Hardcover, 1999 ed.)
Loot Price: R3,156
Discovery Miles 31 560
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Valuing the Cost of Smoking - Assessment Methods, Risk Perception and Policy Options (Hardcover, 1999 ed.)
Series: Studies in Risk and Uncertainty, 13
Expected to ship within 10 - 15 working days
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The economic analysis of tobacco consumption is a complex and
challenging issue, which entails addressing many different
questions: What is the economic burden of smoking and do smokers
pay their way'?How do individuals perceive their own health
risks?What is the effect of the addictive properties of nicotine on
the behavior of a rational, utility-maximizing individual? What is
the most effective way to discourage tobacco consumption? In this
context, the assessment of the social burden of smoking using a
cost-of-illness framework has played a central role since the
beginning of the 1970s. Interest in this type of study has grown
even more in the wake of the lawsuits brought by American states
against the tobacco companies with the aim of recovering excessive
medical costs resulting from smoking-related diseases. Economists
argue that there is no need for government intervention on
condition that smokers receive accurate information about the
health hazards - including the risk of addiction - and that they
bear all the costs of smoking themselves. Economists agree on this
last point: smokers bear most if not all of the economic costs of
tobacco consumption. Moreover, a better understanding of the
determinants of smoking and of the public perception of the risks
of smoking could help decision-makers to improve the design of
tobacco control policies.The purpose of Valuing the Cost of Smoking
is to review the various methods used to value the adverse health
outcomes of smoking, from the standard human capital approach to
the new preference-based methods with which intangibles can be
assessed. This volume should also help understand better the
behavior of smokers as well as the factors thatdetermine the demand
for cigarettes. Finally, the volume contains a review of the
scientific evidence regarding the effectiveness of taxes in
reducing tobacco use.
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