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Ross & Chaloupka's article, "The effect of public policies and prices on youth smoking,"

published in the Southern Economic Journal in 2004, employes empirical tests to evaluate the

impact of diverse tobacco control interventions on youth cigarette smoking among the United

States youth population. According to Ross & Chaloupka (2004), government regulation of the

tobacco market is vital due to various reasons. One of them is due to the nature of the tobacco

market. In this regard, the tobacco market is characterized by market failures, including negative

externalities such as unregulated carbon emissions and an imperfect information market. Besides

that, smoking is associated with adverse health consequences, thus leading to high medical costs.

In this article, Ross & Chaloupka (2004) argue that the expenses incurred on medical treatment

for both direct smokers and second-hand smokers increase healthcare insurance premiums for all

individuals, regardless of their smoking participation.

In this regard, innocent people who are not directly involved in smoking suffer adverse

healthcare cost implications. Notably, the authors, Ross & Chaloupka, indicate that these inflated

medical expenses arising from the use of tobacco products are paid for using public funds. Thus,

cigarette smoking is associated with adverse health and cost implications. Furthermore, Ross &

Chaloupka assert that most cigarette smokers are initiated into the practice before their 21

birthday. At that age, the youth disregard the adverse effects of tobacco smoking, the risk of

addiction, and its correlated adverse health impacts. In this regard, the youth underestimate the

actual cost of cigarette smoking in their lives. Thus, the article shows the significance of

focusing on the youth to curb cigarette smoking in the US. Therefore, Ross & Chaloupka's

empirical study aims to investigate the impact of various policies and the effect of cigarette

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1 Article Summary Student's Name Institutional Affiliation Course Code & Name Instructor's Name Due Date 2 Article Summary Introduction/Premise Ross & Chaloupka's article, "The effect of public policies and prices on youth smoking," published in the Southern Economic Journal in 2004, employes empirical tests to evaluate the impact of diverse tobacco control interventions on youth cigarette smoking among the United States youth population. According to Ross & Chaloupka (2004), government regulation of the tobacco market is vital due to various reasons. One of them is due to the nature of the tobacco market. In this regard, the tobacco market is characterized by market failures, including negative externalities such as unregulated carbon emissions and an imperfect information market. Besides that, smoking is associated with adverse health consequences, thus leading to high medical costs. In this article, Ross & Chaloupka (2004) argue that the expenses incurred on medical treatment for both direct smokers and second-hand smokers increase healthcare insurance premiums for all individuals, regardless of their smoking participation. In this regard, innocent people who are not directly involved in smoking suffer adverse healthcare cost implications. Notably, the authors, Ross & Chaloupka, indicate that these inflated medical expenses arising from the use of tobacco products are paid for using public funds. Thus, cigarette smoking is associated with adverse health and cost implic ...
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