Basov, Suren; Jacobson, Mireille; Miron, Jeffrey A. - In: World Economics 2 (2001) 4, pp. 133-157
Over the past 25 years in the United States, enforcement of drug prohibition has expanded dramatically. Over the same period, however, the trends in drug production and consumption have been essentially flat, and the real, purityadjusted prices of both cocaine and heroin have more than halved....