TY  - JOUR
AU  - Miron,Jeffrey A.
TI  - The Effect of Drug Prohibition on Drug Prices: Evidence from the Markets for Cocaine and Heroin
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 9689
PY  - 2003
Y2  - May 2003
UR  - http://www.nber.org/papers/w9689
L1  - http://www.nber.org/papers/w9689.pdf
N1  - Author contact info:
Jeffrey A. Miron
Department of Economics
Harvard University
Cambridge, MA 02138
Tel: 781/856-0086
Fax: 617/495-8570
E-Mail: miron@fas.harvard.edu
AB  - This paper examines the effect of drug prohibition on the black market prices of cocaine and heroin. The paper examines the ratio of retail to farmgate price for cocaine, heroin, and several legal goods, and it compares legal versus black market prices for cocaine and heroin. The results suggest that cocaine and heroin are substantially more expensive than they would be in a legalized market, but to a lesser degree than suggested in previous research.
ER  -