全球智库信息集成服务系统(G2TT): DP13814 Defeating Crime? An Economic Analysis of Cannabis Legalization Policies

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP13814
	DP13814 Defeating Crime? An Economic Analysis of Cannabis Legalization Policies
	Emmanuelle Auriol; Alice Mesnard; Tiffanie Perrault
发表日期	2019-06-20
出版年	2019
语种	英语
摘要	Can legalization of cannabis eliminate related organized crime? We model consumer choices for cannabis in a risky environment and determine the provision of cannabis, under prohibition and legalization. Although a legalization policy may crumble the profits from illegal providers driving them out of business, it also increases cannabis use. In contrast, repression decreases cannabis consumption but strengthens the cartelization of criminal networks. Combining legalization with repression can strangle the black market while controlling the demand for cannabis. Based on evidence from the US, policy simulations are used to compute the price of legal cannabis that would achieve this dual objective and highlight the complementarities between repression and legalization. For example, with a 1% probability of arrest and a USD 2000 fine for illegal purchase, a legal price around USD 439 per ounce would evict illegal suppliers and increase the consumption by less that 25%. If the probability of arrest reaches 2%, the eviction price can go up to USD 622 and overall consumption increases by no more than 5:5%.
主题	Industrial Organization
关键词	Cannabis Legalization Crime Policy Regulation
URL	https://cepr.org/publications/dp13814
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/542688
推荐引用方式 GB/T 7714	Emmanuelle Auriol,Alice Mesnard,Tiffanie Perrault. DP13814 Defeating Crime? An Economic Analysis of Cannabis Legalization Policies. 2019.