Would Liberalization Lead to Epidemic Cocaine Consumption?

This article uses cross-country data to estimate the potential effect of drastic reductions in the price of cocaine on the share of the population that consumes this drug. In order to identify movements along the cocaine consumption/demand function, this article instruments for cocaine prices with v...

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Bibliographic Details
Main Authors: Loayza, Norman V., Sugawara, Naotaka
Language:en_US
Published: Taylor and Francis 2013
Subjects:
Online Access:http://hdl.handle.net/10986/13346