Conclusion

Abstract

This second volume of the economics of addictive behaviours describes the abuse of alcohol and their remedies. The different phases from the initiation to alcohol dependence which causes various cognitive and physical impairments are explained in details. The abuse of alcohol is here regarded as a behavioural disease which causes considerable private and social costs. Hence, possible prevention and treatment and their effectiveness, together with harm minimization as a viable strategy, are discussed. An analysis of various economic remedies to reduce alcohol abuse, including the effect of elasticities and the effect of minimum price policies on the abuse of alcohol, has also been discussed in details and compared with taxation policies. A discussion on the politics of corporate and social responsibilities will then follow.