Illicit Drug Markets and Economic Irregularities
نویسندگان
چکیده
Markets for illicit drugs present an interesting case study for economics, combining non-standard characteristics such as addiction and product illegality. One response has been to argue the generality of economic principles by suggesting that they apply even in the extreme case of markets for addictive substances, e.g., by showing that demand for illicit goods is responsive to price [1] and even by modeling addiction as rational [2]. This paper sketches examples of an alternative reaction, focusing on idiosyncrasies of drug markets that might plausibly create counter-intuitive effects, including supply curves that slope downward because of enforcement swamping and/or a good serving as the only available store of wealth for its producer, demand reduction programs that increase demand, and consumption by “jugglers” possibly increasing rather than decreasing as prices rise. This analysis yields non-obvious policy recommendations; for example, source country control programs should concentrate on growing regions with a healthy banking sector.
منابع مشابه
The Contemporary Drug Problem: Characteristics, Patterns and Driving Factors
Rapid socio-economic changes in recent history have created the environment in which the drug problem as we know it has taken shape and started to exhibit the characteristics mentioned above. Over the past decade, established illicit drug markets in the industrialized countries have shown signs of stabilization, while the growth of illicit drug use has continued to accompany socio-economic tran...
متن کاملبررسی اقتصادی رفتار مصرف کنندگان موادمخدر
Illicit drug problem is one of the most worrying issues of the presenet century in all countries and anti-drug addiction programs are included in the agenda of all governments and international community. Drug abuse/addiction in Iran has been one of the most important social and economical problems for several years and the number and percentage of drug users/addicts are growing. Campaign aga...
متن کاملRECENT STATISTICS AND TREND ANALYSIS OF ILLICIT DRUG MARKETS A. EXTENT OF ILLICIT DRUG USE AND HEALTH CONSEQUENCES The global picture Cocaine
متن کامل
Identification and quantification of change in Australian illicit drug markets
BACKGROUND In early 2001 Australia experienced a sudden reduction in the availability of heroin which had widespread effects on illicit drug markets across the country. The consequences of this event, commonly referred to as the Australian 'heroin shortage', have been extensively studied and there has been considerable debate as to the causes of the shortage and its implications for drug policy...
متن کاملLegalizing and Regulating Marijuana in Canada: Review of Potential Economic, Social, and Health Impacts
Notwithstanding a century of prohibition, marijuana is the most widely used illicit substance in Canada. Due to the growing public acceptance of recreational marijuana use and ineffectiveness of the existing control system in Canada, the issue surrounding legalizing this illicit drug has received considerable public and political attentions in recent years. Consequently, the newly elected Liber...
متن کامل