Sinful Indulgences, Soft Substitutes, and Self-Control

Mialon, Sue H.; Mialon, Hugo M.

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Sinful Indulgences, Soft Substitutes, and Self-Control

Applied Economics Letters, Vol. 12, No. 12, pp. 719-722, October 2005

10 Pages Posted: 25 Apr 2006

See all articles by Sue H. Mialon

Hugo M. Mialon

Emory University - Department of Economics

Abstract

For several harmful goods (e.g., junk food and cigarettes), less-harmful subsitutes are available (e.g., light cigarettes and reduced-fat junk food). We develop a simple individual-decision model to analyze the effects of less-harmful subsitutes on consumption and health outcomes.

Keywords: Harmful Goods, Less-Harmful Substitutes, Self-Control

JEL Classification: K42

Suggested Citation: Suggested Citation

Mialon, Sue H. and Mialon, Hugo M., Sinful Indulgences, Soft Substitutes, and Self-Control. Applied Economics Letters, Vol. 12, No. 12, pp. 719-722, October 2005, Available at SSRN: https://ssrn.com/abstract=898653