Repeal of Prohibition: A Benefit‐Cost Analysis

@article{Vitaliano2015RepealOP,
  title={Repeal of Prohibition: A Benefit‐Cost Analysis},
  author={Donald F. Vitaliano},
  journal={ERN: Other Political Economy: National},
  year={2015}
}
  • D. Vitaliano
  • Published 1 January 2015
  • Economics
  • ERN: Other Political Economy: National
type="main" xml:id="coep12065-abs-0001"> In spite of an estimated increase in annual alcohol-related motor vehicle costs of $2.767 billion (1947 dollars), the net social benefit of repeal of alcohol Prohibition amounts to $432 million per annum in 1934–1937, about 0.33% of gross domestic product. Total benefits of $3.25 billion consist primarily of increased consumer and producer surplus, tax revenues, and reduced criminal violence costs. A Monte Carlo simulation shows the probability of… 
View on SSRN
doi.org
2 Citations
Highly Influential Citations
1
Background Citations
2

2 Citations

POLICY REVIEW IN BRIEF: TAXATION OF BEVERAGE ALCOHOL
  • Medicine, Economics
  • 2018
TLDR
Taxation is one of the core policy approaches included in WHO’s Global strategy to reduce harmful use of alcohol and a recommended cost-effective intervention in Appendix 3 of its Global action plan for the prevention and control of noncommunicable diseases and more recent SAFER initiative.
Grey Matters: Charting the Development of the Shadow Economy
The shadow economy has long been an area of research for policymakers. The determinants of underground activity of late have been identified as high tax burdens and increased regulation, but has this…

References

SHOWING 1-10 OF 35 REFERENCES
Cost-Benefit Analysis: Concepts and Practice
Part I: Overview 1. Introduction to Cost-Benefit Analysis 2. Conceptual Foundations of Cost-Benefit Analysis Part II: Fundamentals of Cost-Benefit Analysis 3. Basic Microeconomic Foundations of…
What are the policy lessons of National Alcohol Prohibition in the United States, 1920-1933?
TLDR
An account of alcohol prohibition is provided that is more accurate than the standard account because it is informed by historical and econometric analyses and reflects on any relevance that the US experience with alcohol prohibition has for contemporary policies towards alcohol.
Seller Concentration, Barriers to Entry, and Rates of Return in Thirty Industries, 1950-1960
CONVENTIONAL price theory predicts that industries in which output is produced by a few dominant firms may, in the long run, earn higher rates of return on the owners' investment than the opportunity…
What U.S. Data Should Be Used to Measure the Price Elasticity of Demand for Alcohol?
What Do Economists Know About Crime?
In this paper we evaluate what economists have learned over the past 40 years about the determinants of crime. We base our evaluation on two kinds of evidence: an examination of aggregate data over…
THE PRICE ELASTICITY OF LIQUOR IN THE U.S. AND A SIMPLE METHOD OF DETERMINATION
Arc elasticity is estimated for liquor by simply comparing state sales before and after price increases, standardized by states in which price did not change. The technique can be used wherever there…
Alcohol Policies and Highway Vehicle Fatalities
  • C. Ruhm
  • Business
    Journal of health economics
  • 1996
The Demand for Alcoholic Beverages
The consumption of alcoholic beverages is of interest to economists for at least three reasons. First, there is the basic challenge to analyse the extent to which alcohol consumption is amenable to…
Historical Statistics of the United States: Colonial Times to 1970
how each part of the process interrelates with all other parts. As noted in the Foreword, this book obviously is written by people who have been through the research process many times. Perusal by an…
Capital in Manufacturing and Mining: Its Formation and Financing
The book casts light on problems of interest to many specialists other than regional planners. The theorist of the firm, the business historian, the social historian, as well as the technologist,…
...
...