The interest of evaluating the effectiveness of the policies for eradication and alternative development in the control of the production of the coca leave in Colombia has been expanding, mainly because there is no quantitative evidence related to the effect of the enormous investment made for...

Reliable estimates of the effects of violence on economic outcomes are scarce. We exploit the manyfold increase in homicides in 2008-2011 in Mexico resulting from its war on organized drug traffickers to estimate the effect of drug-related homicides on house prices. We use an unusually rich...