López, Leonardo Raffo - In: Revista de Economía Institucional 12 (2010) July-December, pp. 229-258
Combining the approaches of Ortiz and Mejía et al., this paper proposes a new model of drug trafficking and conflict. In a general equilibrium framework, an explanation of the downward trend in the price of cocaine over the last two decades is developed. The model shows that the main factor...