Tuesday, August 2, 2016

TOBACCO REGULATION AND COST-BENEFIT ANALYSIS: HOW SHOULD WE VALUE FOREGONE CONSUMER SURPLUS? (PDF) [FREE FULL TEXT]

http://ift.tt/2aqno51

how much of the benefit to smokers is offset by their lost enjoyment--that is, foregone consumer surplus...we are unconvinced...that foregone consumer surplus should be largely ignored and gross health benefits used instead as a measure of consumer welfar

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