Lawson, Robert; Nesbit, Todd - In: Atlantic Economic Journal 41 (2013) 4, pp. 363-370
Alchian and Allen (<CitationRef CitationID="CR1">1964</CitationRef>) theorized that the imposition of a fixed fee or a unit cost in a market with multiple quality grades of the good would encourage consumption of the higher quality grades. Using newly available data on marijuana prices by state, we empirically test the hypothesis that the...</citationref>
