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Nicotine Tob Res. 2007 Jan;9(1):93-9.

Decomposing the value of cigarettes using experimental auctions.

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Department of Economics, University of Southern Mississippi, Hattiesburg, MS, USA.


Using a new brand of cigarettes with less nicotine content than conventional cigarettes, we conducted experimental auctions at two grocery stores to estimate smokers' value of nicotine. Our approach is novel because the brand of cigarettes auctioned was new to the market and the cigarette's nicotine content is reduced using genetic modification, with no effect on the taste of the cigarettes. We found smokers would be willing to pay US$1.25-$1.45 for a pack of cigarettes with no nicotine and $1.59-$1.66 for a pack of cigarettes with low levels of nicotine.

[Indexed for MEDLINE]

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