Consumption Threshold at Which Virtue Products Become Vice Products: The Case of Beer
Relative vices and virtues have traditionally been defined according to time-inconsistent preferences. Vice products exchange small immediate rewards (e.g., pleasure) for larger delayed costs (e.g., health), while virtue products exchange small immediate costs for larger delayed rewards. This defini...
Main Authors: | Enar Ruiz-Conde, Francisco Mas-Ruiz, Josefa Parreño-Selva |
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Format: | Article |
Language: | English |
Published: |
MDPI AG
2021-07-01
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Series: | Foods |
Subjects: | |
Online Access: | https://www.mdpi.com/2304-8158/10/8/1688 |
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