| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w14980 |
| 来源ID | Working Paper 14980 |
| A Search-Theoretic Model of the Retail Market for Illicit Drugs | |
| Manolis Galenianos; Rosalie Liccardo Pacula; Nicola Persico | |
| 发表日期 | 2009-05-21 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | A search-theoretic model of the retail market for illegal drugs is developed. Trade occurs in bilateral, potentially long-lived matches between sellers and buyers. Buyers incur search costs when experimenting with a new seller. Moral hazard is present because buyers learn purity only after a trade is made. The model produces testable implications regarding the distribution of purity offered in equilibrium, and the duration of the relationships between buyers and sellers. These predictions are consistent with available data. The effectiveness of different enforcement strategies is evaluated, including some novel ones which leverage the moral hazard present in the market. |
| 主题 | Labor Economics ; Unemployment and Immigration ; Other ; Law and Economics |
| URL | https://www.nber.org/papers/w14980 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/572656 |
| 推荐引用方式 GB/T 7714 | Manolis Galenianos,Rosalie Liccardo Pacula,Nicola Persico. A Search-Theoretic Model of the Retail Market for Illicit Drugs. 2009. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w14980.pdf（506KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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