In the News
De-Merit Goods - Australia to ban recreational vaping

3rd May 2023
Australia is looking to ban recreational vaping, believing vaping amongst the young to be a gateway drug, rather than a way of weaning people off cigarettes. As a result, vaping is going to be ban unless it is so-called prescription vaping. However, is this good economics?
There's a large number of people who argue that in reducing the availability of a substitute, this will only serve to encourage smoking, that it will encourage the emergence of a shadow economy and that it will be hard to police, and thus have a high opportunity cost.
Australia has banned recreational vaping and tightened other e-cigarette laws in a huge crackdown on the tobacco industry as it tries to stop the rise in teenage vaping.
Australia to ban recreational vaping https://t.co/z533qk7bYb
— BBC News (World) (@BBCWorld) May 2, 2023
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