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C/E/476. Excessive consumption of alcohol and tobacco in UK: externalities increasing marginal social cost

WORDS:
1400
DATE:
2010
PRICE:
19.99 GBP

The paper addresses the overuse of tobacco and alcohol in the UK considering them as externalities for the country’s economic system. The role of the state in maintaining public health and controlling the consumption of alcohol and tobacco is discussed, mechanisms of handling these externalities are reviewed focusing on taxation.

 

KEYWORDS: Alcohol, tobacco, externalities, marginal social cost, tax,

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