Duration analysis has been widely used in the applied economic research since the late 1970s. The framework allows to examine the duration of time intervals and the rate of transition across a set of states over time. Many economic behaviors follow a similar pattern, such as transition from the...

Publisher description: An analysis of the true costs, benefits, and consequences of enforcing drug prohibition is presented in this book. Miron argues that prohibition's effects on drug use have been modest and that prohibition has numerous side effects, most of them highly undesirable. In...