Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/92728
Authors: 
Yamane, Shoko
Yoneda, Hiroyasu
Takahashi, Taiki
Kamijo, Yoshio
Komori, Yasuhiro
Hiruma, Fumihiko
Tsutsui, Yoshiro
Year of Publication: 
2011
Series/Report no.: 
ISER Discussion Paper, Institute of Social and Economic Research, Osaka University 822
Abstract: 
This paper investigates whether smokers exhibit greater time discounting than non-smokers, and how short-term nicotine deprivation affects time discounting. A unique feature of our experiment is that our subjects receive rewards not only of money, but also of actual tobacco. This is done in order to elicit smokers' true preferences. Smokers are more impatient than non-smokers, consistent with previous studies. Additionally, nicotine deprivation makes smokers even more impatient. These results suggest that nicotine concentration has different effects on time preferences in the short and long runs.
Subjects: 
time discounting
nicotine concentration
smoking deprivation
panel logit analysis
economic experiment
JEL: 
D03
D90
I10
Q57
Document Type: 
Working Paper

Files in This Item:
File
Size
548.11 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.