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This paper considers the costs of reducing consumption of a good by making its production illegal and punishing apprehended illegal producers. We use illegal drugs as a prominent example. We show that the more inelastic either demand for or supply of a good is, the greater the increase in social...
Persistent link: https://www.econbiz.de/10005782582
This paper makes contributions to the estimation of health production functions and the economics of fertility control. The authors present the first infant health production functions that simultaneously control for self-selection in the resolution of pregnancies as live births or induced...
Persistent link: https://www.econbiz.de/10005782922