Demand for cigarettes
The use of a rational addiction model for modelling the demand for cigarettes has been controversial. Critics of the model argue that nobody would sit down at an initial period, survey future income, production technology, investment/addictive function, and consumption preference for a lifetime, maximize the discounted value of his expected utility and decide to become an alcoholic.
Empirical work for testing the rational addictive behaviours has also yielded mixed results. In spite of the large number of studies on demand for cigarettes, only a few studies have been conducted for developing countries, despite the increasing cigarette consumption.
Empirical work for testing the rational addictive behaviours has also yielded mixed results. In spite of the large number of studies on demand for cigarettes, only a few studies have been conducted for developing countries, despite the increasing cigarette consumption.
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14:21:36
