2012PubMedOpen access

What's in a cost? Comparing economic and public health measures of alcohol's social costs.

Eric Crampton, Matt Burgess, Brad R. Taylor

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Abstract

Studies based on a cost of illness method frequently assert large social costs from a variety of risky activities, the harms from which most typically fall upon the risk-taker himself. Many of these costs are inadmissible in a standard economic framework; consequently, figures derived by the cost of illness method are not comparable with other economic notions of cost and are of very limited policy use.

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Studies based on a cost of illness method frequently assert large social costs from a variety of risky activities, the harms from which most typically fall upon the risk-taker himself. Many of these costs are inadmissible in a standard economic framework; consequently, figures derived by the cost of illness method are not comparable with other economic notions of cost and are of very limited policy use.

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Available abstract

Studies based on a cost of illness method frequently assert large social costs from a variety of risky activities, the harms from which most typically fall upon the risk-taker himself. Many of these costs are inadmissible in a standard economic framework; consequently, figures derived by the cost of illness method are not comparable with other economic notions of cost and are of very limited policy use.

Key concepts: Medicine, Economic cost, Social cost, Variety (cybernetics), Public health, Public economics, Actuarial science, Environmental health

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What's in a cost? Comparing economic and public health measures of alcohol's social costs. — Research Paper | ScholarLens