Globalization and the price decline of illicit drugs

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Globalization and the price decline of illicit drugs.

BACKGROUND This study aims at understanding the mechanisms underlying the dramatic decline of the retail prices of major drugs like cocaine and heroin during the past two decades. It also aims at analysing the implications of this decline for drug policies. METHODS We use a theoretical model to identify the possible causes of this price decline. This allows us to formulate the hypothesis that...

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BACKGROUND This study is an empirical assessment of the impact of the drug decriminalization policy followed by Portugal in July 2001, on the price of illicit drugs. METHODS The analysis is performed using a difference-in-differences approach and the Synthetic Control Method in order to construct a synthetic control unit from a convex combination of countries. RESULTS The results suggest th...

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ژورنال

عنوان ژورنال: International Journal of Drug Policy

سال: 2009

ISSN: 0955-3959

DOI: 10.1016/j.drugpo.2007.11.016