The economics of the drug war: effective federal policy or missed opportunity?
We calculated the value of two distinct economic inefficiencies that result from the prohibition of drugs. We define and illustrate these inefficiencies as the two direct components of the deadweight loss created by prohibition. The first is under-consumption and the second component, unique to our...
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Monterey, California. Naval Postgraduate School
2012
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| Online Access: | http://hdl.handle.net/10945/9761 |