@techreport{dab15df72fa2471394c34d829c4094f9,
title = "The Cost of Binge Drinking",
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.",
keywords = "Alcohol, health, road accidents, arrests, externalities",
author = "Marco Francesconi and Jonathan James",
year = "2015",
month = feb,
language = "English",
series = "Bath Economics Research Working Papers",
publisher = "Department of Economics, University of Bath",
type = "WorkingPaper",
institution = "Department of Economics, University of Bath",
}