• A New Kind of Drug War
  The conventional one has been highly costly, with little return. Making narcotics legal -- and very expensive -- can reduce addiction and crime
  The conventional one has been highly costly, with little return. Making narcotics legal -- and very expensive -- can reduce addiction and crime
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• Elasticity (economics)
  Wikipedia, the free encyclopedia
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• Elasticity (economics)
  Wikipedia, the free encyclopedia
  aggregation arc consumer cross demand depend economics economicsfooter elasticity microeconomics-footer problem surplus theory
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• Facts&Figures
  Prescription Drugs - Drug Facts, ONDCP
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• Print this
  illegalgoods_Becker_Grossman_Murphy.pdf (application/pdf Object)
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• reasongs for going underground
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• ScienceDaily: How Elasticity Affects The Market For Illegal Goods
  In an important new study, world-renowned economists -- including a Nobel Prize winner and a MacArthur "genius" -- argue that when demand for a good is inelastic, the cost of making consumption illegal exceeds the gain. Their forthcoming paper in the Journal of Political Economy is a definitive explanation of the economics of illegal goods and a thoughtful explication of the costs of enforcement.
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• ScienceDaily: How Elasticity Affects The Market For Illegal Goods
  In an important new study, world-renowned economists -- including a Nobel Prize winner and a MacArthur "genius" -- argue that when demand for a good is inelastic, the cost of making consumption illegal exceeds the gain. Their forthcoming paper in the Journal of Political Economy is a definitive explanation of the economics of illegal goods and a thoughtful explication of the costs of enforcement.
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• Should Governments Legalize and Tax Marijuana?
  The war on drugs is an expensive battle, as a great deal of resources go into catching those who buy or sell illegal drugs on the black market, prosecuting them in court, and housing them in jail. In a recent study for the Fraser Institute, Economist Stephen T. Easton attempted to calculate how much tax revenue the Canadian government could gain by legalizing marijuana.
  The war on drugs is an expensive battle, as a great deal of resources go into catching those who buy or sell illegal drugs on the black market, prosecuting them in court, and housing them in jail. In a recent study for the Fraser Institute, Economist Stephen T. Easton attempted to calculate how much tax revenue the Canadian government could gain by legalizing marijuana.
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• The Effects of a Black Market Using Supply and Demand
  We show through supply and demand analysis what happens when a black market is created.
  We show through supply and demand analysis what happens when a black market is created.
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• The Stone City
  Theory of Illegal Goods
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• The Stone City
  Theory of Illegal Goods
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• TheStar.com
  News - Roaring tobacco racket lures kids, evades taxes
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