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Interpreting the rational addiction model

Publication Source

Ferguson, B.S. 2000

Publication Title

Health Economics

Publication Type

Journal article

e-lib-feature-image

Metadata

Region

The Americas

Economy status

High-income economies

Tags The Americas, Journal article, High-income economies, Canada

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Abstract

The rational addiction (RA) model of Becker and Murphy (Becker GS, Murphy KM. A theory of rational addiction. J Pol Econ 1988; 96(4): 675-700) has rapidly become one of the standard models in the literature on addictive behaviour. This paper reviews some theoretical issues surrounding its use, and indicates areas in which caution should be used in applying this model.