Consumer casualties exploring the economics of habit, information, and uncertainty in Japan / Junmin Wan.

Author/creator Wan, Junmin
Format Electronic
Publication InfoNew York, NY : Palgrave Macmillan, 2014.
Descriptionxxii, 184 pages ; 23 cm
Supplemental ContentFull text available from eBooks on EBSCOhost
Subjects

Contents Machine generated contents note: -- 1. Introduction 2. Rational Addiction with an Optimal Inventory: Theory and Evidence from Japanese Daily and Monthly Purchases 3. Response to Health Information: Theory and Evidence from Cigarette Consumption and Intake of Nicotine and Tar in Japan 4. Responses of Consumers to the Mandatory Disclosure of information: Evidence from Japanese Inter-brand Cigarette Sales 5. Is Gambling Addictive? Evidence from Pachinko Participation, Quitting, and Re-Initiating 6. Are Gambling and Smoking Complementary? Direct Tests from Japanese Individual Data 7. Tax Revenue in China and the Incentive to Declare Taxes: The Lottery Receipt Experiment8. Is the Life-Cycle Model or Ono's Model Most Suitable for the Japanese?: Analysis by Time-Series Data and Surveys of Lottery Purchase and Large-Prize Winners 909. Conclusions.
Abstract "In our increasingly globalized world of shared cultures, we have seen the spread of addictive behaviors such as smoking and various forms of gambling. As these behaviors and subsequent habits continue to spread across borders, it is paramount for policy makers to consider the economics of habit, information and uncertainty in their practices.Junmin Wan takes a two prong approach to analyzing this pressure in Japan in his new volume Consumer Casualties. He first clarifies the consumer preference for habit to identify useful approaches toward solving a number of economic issues, such as gambling and other addictive practices. He then tests his theories with data on smoking, lottery gambling and pachinko gambling, to determine their causalities and distill proposals for policy makers"-- Provided by publisher.
Abstract "This work tries to examine the economics of habits via theoretical models and empirical testing of the models using micro and macro datasets, as they pertain to addressing various economics issues, including habit forming or addictive behaviors such as smoking and various forms of gambling. The issues of information asymmetry (e.g., the effect of lottery receipt on experiment on tax evasion) and uncertainty as they pertain to consumers and their preferences and habits are also included"-- Provided by publisher.
Bibliography noteIncludes bibliographical references (pages 169-175) and index.
Access restrictionAvailable only to authorized users.
Technical detailsMode of access: World Wide Web
Genre/formElectronic books.
LCCN 2014019485
ISBN9781137387240 (hardback)

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