Pacula, Rosalie Liccardo; Kilmer, Beau; Grossman, Michael; … - In: The B.E. Journal of Economic Analysis & Policy 10 (2010) 1
user sanctions leads to an increase in consumption, drug prices will rise unless supply is perfectly elastic. In … equilibrium, a change in consumption associated with decreasing user sanctions could be relatively small if supply is upward … higher marijuana prices in the short-run, which ceteris paribus, implies an upward sloping supply curve, higher consumption …