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- W3124126989 abstract "The optimality of supply interventions for addictive drugs is a function of demand responses to price, enforcement costs, and the relative size of external costs. Researchers need credible estimates of demand responses, but most research designs use price series affected by law enforcement actions. We present plausibly causal estimates of the price elasticities of demand for various drugs when enforcement costs are relatively low. We exploit arguably exogenous shocks to methamphetamine supplies to identify the effect of methamphetamine prices on demand for methamphetamine, alcohol, cocaine, heroin, and marijuana. Methamphetamine demand is price inelastic with substantial substitution to other drugs." @default.
- W3124126989 created "2021-02-01" @default.
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- W3124126989 date "2013-03-01" @default.
- W3124126989 modified "2023-09-27" @default.
- W3124126989 title "Identifying Demand Responses to Illegal Drug Supply Interdictions" @default.
- W3124126989 hasPublicationYear "2013" @default.
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