Ismail Sirtalan
Research Subjects
Research Interests
Ismail Sirtalan has a total of 4 co-authors. Here are the top co-authors by number of shared publications:
Frank J. Chaloupka
1 shared publication- Frank J. Chaloupka
Institute for Health Research and Policy, University of Illinois, Chicago, Illinois, USA
1 shared publication - Michael Grossman
National Bureau of Economic Research (NBER) New York New York USA
1 shared publication - Michael Grossman
National Bureau of Economic Research, New York, NY 10017, USA. mgrossma@.gc.cuny.edu
1 shared publication
Latest Publications
- 31 December 2017
- Published by Columbia University Press
- p. 604-619
17. An Empirical Analysis of Alcohol Addiction
- 31 December 2017
- Published by Columbia University Press
- p. 604-619
17. An Empirical Analysis of Alcohol Addiction
- 1 January 1998
- Published by Wiley in Economic Inquiry
- Vol. 36 (1) , 39-48
AN EMPIRICAL ANALYSIS OF ALCOHOL ADDICTION: RESULTS FROM THE MONITORING THE FUTURE PANELS
In a panel of young adults, we find that alcohol consumption is addictive in the sense that increases in past or future consumption cause current consumption to rise. The positive and significant future consumption effect is consistent with the hypothesis of rational addiction. The long‐run price elasticity is approximately 60% larger than the short‐run price elasticity and twice as large as the elasticity that ignores addiction. Thus, a tax hike policy to curtail consumption or abuse may not have a favorable cost‐benefit ratio unless it is based on the long‐run price elasticity. (JEL 110)
- 1 January 1998
- Published by Wiley in Economic Inquiry
- Vol. 36 (1) , 39-48
AN EMPIRICAL ANALYSIS OF ALCOHOL ADDICTION: RESULTS FROM THE MONITORING THE FUTURE PANELS
In a panel of young adults, we find that alcohol consumption is addictive in the sense that increases in past or future consumption cause current consumption to rise. The positive and significant future consumption effect is consistent with the hypothesis of rational addiction. The long‐run price elasticity is approximately 60% larger than the short‐run price elasticity and twice as large as the elasticity that ignores addiction. Thus, a tax hike policy to curtail consumption or abuse may not have a favorable cost‐benefit ratio unless it is based on the long‐run price elasticity. (JEL 110)