Russo, Francesco Flaviano - In: The World Economy 37 (2014) 9, pp. 1290-1314
type="main" xml:id="twec12107-abs-0001" <title type="main">Abstract</title> <p>I show that the decreased price of cocaine in its major destination markets is partly explained by a lower smuggling cost, which is itself the consequence of an increased international trade in legal goods. First, because more legal imports are...</p>