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003			ZW-GwMSU
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008			240314b |||||||| |||| 00| 0 eng d
022			_a00222186
040			_aMSU _bEnglish _cMSU _erda
050	0	0	_aHB73 JOU
100	1		_aKhwaja, Ahmed _eauthor
245	1	0	_aDo smokers value their health and longevity less?/ _ccreated by Ahmed Khwaja, Frank Sloan and Yang Wang
264		1	_aChicago : _bUniversity of Chicago Press, _c2009.
336			_2rdacontent _atext _btxt
337			_2rdamedia _aunmediated _bn
338			_2rdacarrier _avolume _bnc
440			_aJournal of Law and Economics _vVolume 52, number 1
520	3		_aOne reason why individuals consume harmful addictive goods is that the “full” price of such goods is low. Using data on adults specifically collected for this study, we examine the internal cost of one such good by estimating the value that smokers and nonsmokers place on loss of health and longevity from a major lung disease, chronic obstructive pulmonary disease (COPD). Differences in the nonpecuniary internal cost of getting COPD between current smokers and people who have never smoked range from $80,000 to $260,000, implying that one reason people continue to smoke is that they face a lower full price of smoking. Our results suggest that although taxation and regulation of cigarettes may be justified for externality reasons, the principle of consumer sovereignty implies that the case is much weaker for interventions based on helping smokers internalize costs they impose on themselves
650			_aAddiction _vCensorship _xChronic obstructive pulmonary disease
650			_aCigarette smoking _vCigarettes _xCognition
650			_aCost estimates _vImplicit costs _xLung diseases
700	1		_aSloan, Frank _eco author
700	1		_aWang, Yang _eco author
856			_uhttps://doi.org/10.1086/589655
942			_2lcc _cJA
999			_c164338 _d164338