Showing 1 - 4 of 4
Persistent link: https://www.econbiz.de/10001315331
Persistent link: https://www.econbiz.de/10003469764
Persistent link: https://www.econbiz.de/10001611231
This paper considers the costs of reducing consumption of goods by making their production illegal and punishing illegal producers. We use illegal drugs as a prominent example. We show that the more inelastic either demand for or supply of goods is, the greater the increase in social cost from...
Persistent link: https://www.econbiz.de/10005817030