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

N Z Med J

Department of Economics, University of Canterbury, Private Bag 4800, Christchurch 8140, New Zealand.

Published: August 2012

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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