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Comments on: With alcohol regulation remember http://www.tvhe.co.nz/2010/04/23/with-alcohol-regulation-remember/ The Visible Hand in Economics Wed, 28 Apr 2010 12:52:07 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Ash http://www.tvhe.co.nz/2010/04/23/with-alcohol-regulation-remember/#comment-24304 Wed, 28 Apr 2010 12:52:07 +0000 http://www.tvhe.co.nz/?p=4886#comment-24304 I live in the UK and the tax they levy on alcohol here is plain day light robbery,
if its not bad enough to be taxed on your earnings your food and everything else they can tax you on, they have to tax you on your social life aswell.

]]> By: TVHE » And a side note on addiction http://www.tvhe.co.nz/2010/04/23/with-alcohol-regulation-remember/#comment-23996 Thu, 22 Apr 2010 21:44:05 +0000 http://www.tvhe.co.nz/?p=4886#comment-23996 […] alcohol regulation we decided to remember that it is the external cost that matters.  Now one reason private costs might matter in terms of regulation is internalities.  There is a […]

]]> By: Matt Nolan http://www.tvhe.co.nz/2010/04/23/with-alcohol-regulation-remember/#comment-23994 Thu, 22 Apr 2010 21:26:44 +0000 http://www.tvhe.co.nz/?p=4886#comment-23994 @Eric Crampton

Lots of bad policy coming … this is only one battle in an upcoming war methinks.

]]> By: Eric Crampton http://www.tvhe.co.nz/2010/04/23/with-alcohol-regulation-remember/#comment-23993 Thu, 22 Apr 2010 21:24:12 +0000 http://www.tvhe.co.nz/?p=4886#comment-23993 AND we’d have to count the reduced consumer surplus for normal drinkers of the taxes imposed to reduce the costs on the bad ones; as moderate drinkers are twice as price elastic as heavy drinkers, the former will likely outweigh the latter.

]]> By: Matt Nolan http://www.tvhe.co.nz/2010/04/23/with-alcohol-regulation-remember/#comment-23991 Thu, 22 Apr 2010 21:12:07 +0000 http://www.tvhe.co.nz/?p=4886#comment-23991 @Eric Crampton

Agreed, it only implies that “good policy” in this wildly unrealistic world would involve PART of the private cost being taken into account.

AND, even in the above discussion the issues of social benefits was ignored.

If policy was based on good policy principles it would place a HUGE burden on basing policy on private costs. Doesn’t seem like lawyers are interested in good policy …

]]> By: Eric Crampton http://www.tvhe.co.nz/2010/04/23/with-alcohol-regulation-remember/#comment-23990 Thu, 22 Apr 2010 21:07:43 +0000 http://www.tvhe.co.nz/?p=4886#comment-23990 AND even if you think people are irresponsible, have bad information, and make bad choices, the ONLY part of their private consumption that you can consider a social cost is the integral above the marginal benefit curve and below the marginal cost curve for that portion of consumption in excess of what that person would have chosen were he responsible, informed, and making good choices.

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