The Price of Smoking Review

The Price of Smoking
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Great book; The authors measure the cost of smoking, using a technique I had not seen before in the literature. They consider costs comparing smokers to nonsmoking smokers. The latter are persons with the same characteristics as smokers, but that do not smoke. It is a very exact way of measuring the costs of smoking. The book also measure quasi external costs of smoking; that is, costs born by nonsmoking family members of smokers. It is a must have for anyone interested in the economics of smoking or the costs of poor health habits.

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