Rational Choice with Passion: Virtue in a Model of Rational Addiction

Andrew M. Yuengert
2001 Review of social economy  
By incorporating a divided self into the rational addiction framework, this paper provides a rationale for and an explicit analysis of two types of budgetshrinking behaviors-actions taken to limit access to lifetime wealth in a given period, and actions taken to change the effective price of the addictive good. Moreover, internal con ict models provide a normative rationale, absent from rational addiction models, for policies that limit access to addictive goods.
doi:10.1080/00346760010017492 fatcat:n2i7dzquvrfd3lzrib22xllhh4