While the medical profession deplores the increase in obesity, the standard economic view is the opposite. Lower prices for any good – either monetary or time costs – expand the budget set and make people better off. But self-control issues complicate this interpretation. If people have difficulty controlling how much they eat, lowering the time costs of food consumption may exacerbate these problems. Certainly, the $30-$50 billion spent annually on diets testifies to the
self-control problems that many people face. In the last part of the paper, we consider the welfare implication of lower food production costs in a model where individuals have self-control problems. Such a model helps explain why the increases in weight have been biggest at the upper end of the weight distribution, where self-control problems are the most severe.
A good exercise for the The Magicians and Reverse Brainstorm. A long-term trend/process frames behavior of the system.
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