NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Risks and Prices: The Role of User Sanctions in Marijuana Markets

Rosalie Liccardo Pacula, Beau Kilmer, Michael Grossman, Frank J. Chaloupka

NBER Working Paper No. 13415
Issued in September 2007

---- Acknowledgements -----

This research was supported by grant number 49977 from the Robert Wood Johnson Foundation to the National Bureau of Economic Research. A version of this paper was presented at the International Society for the Study of Drug Policy, the International Health Economics Association 5th World Congress, the NBER Summer Institute, and the Association of Public Policy and Management Conference. We appreciate helpful comments received by Martin Bouchard, Jon Caulkins, Isaac Ehrlich, Mark Kleiman, Peter Reuter, Jody Sindelar, Neeraj Sood, and participants at all of these conferences. This paper has not undergone the review accorded official National Bureau of Economic Research Publications; in particular, it has not been submitted for approval by the Board of Directors. All opinions expressed in the paper are those of the authors and should neither be attributed to the funding source, nor the mentioned institutions, nor the National Bureau of Economic Research.

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