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This paper develops a model of the war against illegal drugs in both producer and consumer countries. The paper studies the trade-off faced by the government of the drug consumer country between prevention policies (aimed at reducing the demand for drugs) and enforcement policies (aimed at...
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During the course of this search man has extracted opium from poppy plant, cocaine from the leaves of coca bush, and cannabis from the hemp plant. Initially the use of these was only for the purpose of relieving the physical and mental capabilities, and for medicinal and surgical purpose. But...
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This paper presents a general equilibrium model for the production, trafficking, and consumption of illegal drugs which endogenously determines relative prices and quantities. The model is calibrated to characterize the market for cocaine and is used to analyze the effects of three types of...
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We provide a critical discussion of the concept drug-related crime and review methods for estimating its volume, emphasising the importance of an appropriately defined counterfactual. We then construct new estimates for England and Wales in 2003-6, combining data from the Arrestee Survey and...
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