• 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.
  in macroeco paper with economists macroeco nobel paper prize study winner world-renowned by 2 users
• 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.
  in macroeco paper with economists macroeco nobel paper prize study winner world-renowned by 2 users

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