Abstract
The consumption of alcoholic beverages is of interest to economists for at least three reasons. First, there is the basic challenge to analyse the extent to which alcohol consumption is amenable to economic analysis. Second, in many countries alcohol is heavily taxed. This raises interesting issues in public finance such as the welfare cost of these taxes, optimal taxation and externalities. Third, in many cases alcohol data are better than most as their basic source is the tax collection records.
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Clements, K.W., Selvanathan, S. (1995). The Demand for Alcoholic Beverages. In: Recent Developments in Applied Demand Analysis. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-85205-3_6
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DOI: https://doi.org/10.1007/978-3-642-85205-3_6
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