Show Summary Details

Page of

PRINTED FROM OXFORD HANDBOOKS ONLINE (www.oxfordhandbooks.com). © Oxford University Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a title in Oxford Handbooks Online for personal use (for details see Privacy Policy and Legal Notice).

date: 21 February 2020

Abstract and Keywords

This article attempts to provide an overview of the response of economic research on unhealthy substances to these challenges and opportunities. It devotes considerable attention to new econometric methodologies that have been used to assess the causal determinants of dangerous behavior. It introduces models, which economists use to understand consumers' use of unhealthy substances, and discusses the economic approach to substance use policy. It provides an overview of some of the interesting questions being asked in modern empirical research. Numerous reviews for policy relevant findings such as the price-elasticity of the demand for cigarettes and alcohol are discussed. This article complements such reviews and offers a critical perspective on the research challenges behind empirical estimates of even apparently simple economic concepts.

Keywords: economic research, methodologies, behavior, price-elasticity, empirical estimates

Access to the complete content on Oxford Handbooks Online requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.

Please subscribe or login to access full text content.

If you have purchased a print title that contains an access token, please see the token for information about how to register your code.

For questions on access or troubleshooting, please check our FAQs, and if you can''t find the answer there, please contact us.