Ibanez, Marcela; Carlsson, Frederik - 2009
From 1997 to 2005, an astonishing 5,200 million USD was invested to reduce cocaine production in Colombia, the world …'s main cocaine producer. However, little is known about the effectiveness of policies targeting coca cultivation. This paper … find that coca cultivation is inelastic to increases in perceived risk and relative profit so eradication and alternative …
