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- W91219734 abstract "There are few studies on drug prices in Europe, despite the insight this type of analysis has provided in other countries. In the USA, the examination of drug prices has improved the knowledge of the demand and supply in drug markets and the impact of law enforcement.The dissertation aims to analyze the prices of illicit drugs (heroin and cocaine) in Europe. The study has two objectives: (1) identifying which factors affect drug prices; (2) analyzing which factors drove the price decline in the last twenty years. In line with the previous literature, the methods include the analysis of the trends of prices over time and across countries, a risk and price model, and a panel regression.The results show that law enforcement and violence have marginal impact on drug prices and they are unable to explain the decline over time. In fact, globalization is the key explanatory factor. Globalization has likely cut the costs of the drug trade, reducing the inefficiencies caused by illegality (e.g. transportation). As a result, it may be regarded as the most important factor in the price decline in European drug markets." @default.
- W91219734 created "2016-06-24" @default.
- W91219734 creator A5052419350 @default.
- W91219734 date "2015-03-02" @default.
- W91219734 modified "2023-09-23" @default.
- W91219734 title "LAW ENFORCEMENT, VIOLENCE AND GLOBALIZATION: AN ANALYSIS OF THE PRICE DECLINE IN EUROPEAN DRUG MARKETS" @default.
- W91219734 hasPublicationYear "2015" @default.
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