Francesconi, Marco and James, Jonathan The Cost of Binge Drinking. [["eprint_typename_scholarly-edition" not defined]]
Francesconi, Marco and James, Jonathan The Cost of Binge Drinking. [["eprint_typename_scholarly-edition" not defined]]
Francesconi, Marco and James, Jonathan The Cost of Binge Drinking. [["eprint_typename_scholarly-edition" not defined]]
Abstract
We estimate the effect of binge drinking on accident and emergency attendances, road accidents, arrests, and the number of police officers on duty using a variety of unique data from Britain and a two-sample minimum distance estimation procedure. Our estimates, which reveal sizeable effects of bingeing on all outcomes, are then used to monetize the short-term externalities of binge drinking. We find that these externalities are on average £4.9 billion per year ($7 billion), about £80 for each man, woman, and child living in the UK. The price that internalizes this externality is equivalent to an additional 9p per alcoholic unit, implying a 20% increase with respect to the current average price.
Item Type: | ["eprint_typename_scholarly-edition" not defined] |
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Uncontrolled Keywords: | I12; I18; K42; alcohol; health; road accidents; arrests; externalities |
Subjects: | H Social Sciences > HB Economic Theory |
Divisions: | Faculty of Social Sciences Faculty of Social Sciences > Economics, Department of |
SWORD Depositor: | Unnamed user with email elements@essex.ac.uk |
Depositing User: | Unnamed user with email elements@essex.ac.uk |
Date Deposited: | 10 Feb 2015 10:20 |
Last Modified: | 15 Jan 2022 00:39 |
URI: | http://repository.essex.ac.uk/id/eprint/12766 |
Available files
Filename: dp760.pdf