Cigarettes and Addiction Information: New Evidence in Support of the Rational Addiction Model
Fenn, Aju J.; Antonovitz, Frances A.; Schroeter, John R.
Economics Letters Vol. 72 no. 1 (July 2001): 39-45.
A 1979 U.S. Surgeon General's report provided the first conclusive public information of nicotine's addictive effects. We test the hypothesis that cigarette demand was of a "myopic" nature prior to 1979, but forward-looking, or "rational," thereafter.