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[Tobacco control from an economic perspective]
Angel López Nicolás1, Arántzazu Viudes de Velasco
1Departamento de Economía, Universidad Politécnica de Cartagena, Cartagena. angel.lopez@upct.es
This study examines economic arguments for tobacco control, finding smoking causes societal and personal welfare losses. Economic principles justify interventions like smoking bans and tax increases to correct these market failures.
Area of Science:
- Public Health Economics
- Behavioral Economics
Background:
- Smoking represents a significant public health issue with economic ramifications.
- Traditional economic theories and recent advancements highlight market failures associated with tobacco consumption.
Purpose of the Study:
- To review economic arguments concerning tobacco control.
- To detail market failures linked to smoking.
- To assess the economic justification for policy interventions.
Main Methods:
- Literature review of economic arguments in tobacco control.
- Analysis of traditional and recent economic literature on market failures.
- Discussion of specific policy interventions.
Main Results:
- Smoking is identified as a personal choice leading to net welfare losses for individuals, families, and society.
- Economic principles provide a basis for implementing corrective policies.
- Restrictions in public spaces and tobacco taxation are effective preventive measures.
Conclusions:
- Economic analysis supports interventions to mitigate the negative externalities of smoking.
- Policy measures like smoking restrictions and tax adjustments are economically justifiable.
- Addressing market failures through policy can improve societal and individual welfare.
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