@TechReport{iza:izadps:dp8849,
            	author={Francesconi, Marco and James, Jonathan},
            	title={The Cost of Binge Drinking},
            	year={2015},
	month={Feb},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={8849},
            	url={https://www.iza.org/index.php/publications/dp8849},
	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},
            }