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来源类型Working Paper
规范类型报告
DOI10.3386/w13415
来源IDWorking Paper 13415
Risks and Prices: The Role of User Sanctions in Marijuana Markets
Rosalie Liccardo Pacula; Beau Kilmer; Michael Grossman; Frank J. Chaloupka
发表日期2007-09-14
出版年2007
语种英语
摘要User sanctions influence the legal risk for participants in illegal drug markets. A change in user sanctions may change retail drug prices, depending on how it changes the legal risk to users, how it changes the legal risk to dealers, and the slope of the supply curve. Using a novel dataset with rich transaction-level information, this paper evaluates the impact of recent changes in user sanctions for marijuana on marijuana prices. The results suggest that lower legal risks for users are associated with higher marijuana prices in the short-run, which ceteris paribus, implies higher profits for drug dealers. Additionally, the findings have important implications for thinking about the slope of the supply curve and interpreting previous research on the effect of drug laws on demand for marijuana.
主题Health, Education, and Welfare ; Health ; Other ; Law and Economics
URLhttps://www.nber.org/papers/w13415
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/571086
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Rosalie Liccardo Pacula,Beau Kilmer,Michael Grossman,et al. Risks and Prices: The Role of User Sanctions in Marijuana Markets. 2007.
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