Understanding the basic economics of tobacco harm reduction
A new study from the Institute of Economic Affairs suggests that minimizing taxes on low risk tobacco products will improve public health. Substituting low-risk alternatives (e-cigarettes, smokeless tobacco) for smoking would be welfare enhancing for most smokers. The study concludes that the optimal level of tax on low risk products is zero.
Categorised in: Excise tax, Tobacco harm reduction
This post was written by Daniel Kaempf