Rational addiction and the demand for cinema
- 1 September 1999
- journal article
- research article
- Published by Taylor & Francis in Applied Economics Letters
- Vol. 6 (9) , 617-620
- https://doi.org/10.1080/135048599352736
Abstract
This paper estimates Becker's rational addiction model using a demand for cinema equation. The results do not seem to be strongly supportive of the rational addiction model. As in Becker, Murphy, Grossman we find a significant coefficient on the lead consumption term and a quite plausible discount rate in OLS estimation with significant price effects. However the IV estimates preferred by Becker et al. fails to give support for any elements of the model.Keywords
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