Externalities caused by consumption of alcohol are considered to be a cost that fall upon other people rather than the ones who choose to drink. For example, if someone’s possessions are damaged due to a drunk individual, or when a poverty stricken man is injured as a result of his drinking habit, must be cared for in a hospital, whose costs are transferred to the public. From an economic point of view, externalities are expected to fall outside the individual efficacy estimation in making the choice to drink.
The Netherlands is a count...
... middle of paper ...
...al Drinking Age Increased to 18." Netherlands Tourism. Web. 07 Mar. 2014.
"The Amsterdam Herald." - Minimum Age for Alcohol to Be Raised. Web. 07 Mar. 2014.
Xuereb, Matthew. "Drinking Age Is 18 in Most EU Countries." Times of Malta.
N.p., 20 Aug. 2013. Web. 07 Mar. 2014.
"Increase in Legal Drinking Age Set to Rise to 18." 1 July 2012. Web. 07 Mar.
Easton, Brian. "The Alcohol Policy." Brian Easton. Web. 07 Mar. 2014.
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