Kort, Peter; Feichtinger, G.; Hartl, R.F.; Haunschmied, J.L. - Tilburg University, Center for Economic Research - 1996
In this paper an optimal control model is presented to design enforcement programs minimizing the social costs from both the market and crackdown.By using the maximum principle we show that performing an enforcement policy that leads to a collapse of the drug market is more likely to be optimal...