ABSTRACT
What We Know about the Demand for Alcohol .................................................21 Price Elasticity ...........................................................................................21 Differences by Group .................................................................................22
The Effects of Taxation .......................................................................................23 Goals of Taxation ......................................................................................23 Overall Consumption vs. Binge Drinking .................................................25
The Overall Economic Impact of Alcohol ...........................................................25 Reductions in Mortality .............................................................................25 Medical Expenses ......................................................................................26 Lost Productivity .......................................................................................27 Crime ......................................................................................................27
Summary ............................................................................................................28 References ...........................................................................................................28
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