Becker, Gary and Kevin M. Murphy. 1988. "A Theory of Rational Addiction." Journal of Political Economy, 96 (August): pp. 675-700; and Stigler and Becker. They argue that addicts are rational, forward looking utility maximizers, who make decisions in light of full knowledge of the consequences of their addiction. -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail [EMAIL PROTECTED]
