Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/107389
Authors: 
Francesconi, Marco
James, Jonathan
Year of Publication: 
2015
Series/Report no.: 
CESifo Working Paper 5214
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.
Subjects: 
alcohol
health
road accidents
arrests
externalities
JEL: 
I12
I18
K42
Document Type: 
Working Paper

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