Literature DB >> 27951424

The effects of perceived quality on behavioral economic demand for marijuana: A web-based experiment.

Paula C Vincent1, R Lorraine Collins2, Liu Liu3, Jihnhee Yu3, Joseph A De Leo4, Mitch Earleywine4.   

Abstract

BACKGROUND: Given the growing legalization of recreational marijuana use and related increase in its prevalence in the United States, it is important to understand marijuana's appeal. We used a behavioral economic (BE) approach to examine whether the reinforcing properties of marijuana, including "demand" for marijuana, varied as a function of its perceived quality.
METHODS: Using an innovative, Web-based marijuana purchase task (MPT), a sample of 683 young-adult recreational marijuana users made hypothetical purchases of marijuana across three qualities (low, mid and high grade) at nine escalating prices per joint, ranging from $0/free to $20.
RESULTS: We used nonlinear mixed effects modeling to conduct demand curve analyses, which produced separate demand indices (e.g., Pmax, elasticity) for each grade of marijuana. Consistent with previous research, as the price of marijuana increased, marijuana users reduced their purchasing. Demand also was sensitive to quality, with users willing to pay more for higher quality/grade marijuana. In regression analyses, demand indices accounted for significant variance in typical marijuana use.
CONCLUSIONS: This study illustrates the value of applying BE theory to young adult marijuana use. It extends past research by examining how perceived quality affects demand for marijuana and provides support for the validity of a Web-based MPT to examine the appeal of marijuana. Our results have implications for policies to regulate marijuana use, including taxation based on the quality of different marijuana products.
Copyright © 2016 Elsevier Ireland Ltd. All rights reserved.

Entities:  

Keywords:  Behavioral economics; Demand curve; Marijuana; Purchase task; Reinforcement; Young adults

Mesh:

Year:  2016        PMID: 27951424      PMCID: PMC5183559          DOI: 10.1016/j.drugalcdep.2016.11.013

Source DB:  PubMed          Journal:  Drug Alcohol Depend        ISSN: 0376-8716            Impact factor:   4.492


  22 in total

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4.  A behavioral economic measure of demand for alcohol predicts brief intervention outcomes.

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Review 6.  The behavioral economics of substance use disorders: reinforcement pathologies and their repair.

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