proposed policy mix can control the increase in cannabis consumption post-legalization and throttle the illegal market. The … and legalization. While introducing a legal market reduces the profits of illegal providers, it increases cannabis … opted for legalization, leaving room for the black market to flourish. Analyzing the compatibility of several policy goals …

proposed policy mix can control the increase in cannabis consumption post-legalization and throttle the illegal market. The … and legalization. While introducing a legal market reduces the profits of illegal providers, it increases cannabis … opted for legalization, leaving room for the black market to flourish. Analyzing the compatibility of several policy goals …

This paper investigates how legal cannabis access affects student performance. Identification comes from an exceptional … policy introduced in the city of Maastricht which discriminated legal access based on individuals’ nationality. We apply a … Maastricht University before and during the partial cannabis prohibition. We find that the academic performance of students who …

this policy causally reduced injury-induced mortality in the country by at least 14% during the five weeks of the ban. We … results underscore the severe harm that alcohol can cause and point towards a role for policy measures that target the …

We extend the economic theory of regulation to allow for strategic self-regulation that preempts political action. When … toxic chemicals shows that an increased threat of regulation (as proxied by increased membership in conservation groups …) indeed induces firms to reduce toxic releases. We establish conditions under which self-regulation, if it occurs, is a Pareto …

between federal efforts and state-level climate policy developments. In the presence of federal policies, to what extent will … efforts to achieve emissions reductions? This paper addresses these questions. We find that state-level policy in the presence … of a federal policy can be beneficial or problematic, depending on the nature of the overlap between the two systems, the …

We provide evidence for a beneficial welfare impact of a crime policy that is targeted at strengthening victim … precaution. Regulation made application of the electronic engine immobilizer, a simple and low-cost anti-theft device, mandatory … for all new cars sold within the European Union as of 1998. We exploit the regulation as source of exogenous variation in …

this policy causally reduced injury-induced mortality in the country by at least 14% during the five weeks of the ban. We … results underscore the severe harm that alcohol can cause and point towards a role for policy measures that target the …