Misinformation, consumer risk perceptions, and markets: The impact of an information shock on vaping and smoking cessation.

We study the impact of an information shock created by an outbreak of lung injuries apparently related to e‐cigarettes. We use data from multiple sources: surveys of risk perceptions conducted before, during, and after the outbreak; an in‐depth survey on risk perceptions and vaping and smoking behav...

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Publicado en:Economic Inquiry Vol. 62; no. 4; pp. 1652 - 1679
Autores principales: Jin, Lawrence, Kenkel, Don, Lovenheim, Michael, Mathios, Alan, Wang, Hua
Formato: Artículo
Publicado: Wiley-Blackwell Oct2024
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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      dt: Oct2024
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        atl: Misinformation, consumer risk perceptions, and markets: The impact of an information shock on vaping and smoking cessation.
      aug:
        au:
          Jin, Lawrence
          Kenkel, Don
          Lovenheim, Michael
          Mathios, Alan
          Wang, Hua
        affil:
          Lee Kuan Yew School of Public Policy, National University of Singapore, Singapore, Singapore
          Department of Economics, Jeb E. Brooks School of Public Policy, Cornell University, Ithaca New York,, USA
          Jeb E. Brooks School of Public Policy, Cornell University, Ithaca New York,, USA
      su:
        Smoking
        Perception (Philosophy)
        Risk perception
        Lung injuries
        Electronic cigarettes
      sug:
        subj:
          Smoking
          Tobacco Manufacturing
          Tobacco product manufacturing
          Perception (Philosophy)
          Risk perception
          Lung injuries
          Electronic cigarettes
      keyword:
        e‐cigarettes
        health risks
        information
        e‐cigarettes
        health risks
        information
      ab: We study the impact of an information shock created by an outbreak of lung injuries apparently related to e‐cigarettes. We use data from multiple sources: surveys of risk perceptions conducted before, during, and after the outbreak; an in‐depth survey on risk perceptions and vaping and smoking behavior; and national aggregate time‐series sales data. We find that after the outbreak, consumer perceptions of the riskiness of e‐cigarettes sharply increased. From our estimated e‐cigarette demand models, we conclude that the information shock reduced e‐cigarette demand and the use of e‐cigarettes for smoking cessation by about 30 percent.
      pubtype: Academic Journal
      doctype: Article
      src: R
    language: English
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