Marijuana on Main Street? Estimating Demand in Markets with Limited Access
نویسنده
چکیده
Marijuana is the most common illicit drug with vocal advocates for legalization. Among other things, legalization would increase access and remove the stigma of illegal behavior. Our model of use disentangles the role of access from preferences and shows that selection into access is not random. We nd that non-selection-corrected demand estimates are biased resulting in incorrect policy conclusions. Our results show the probability of underage use would increase by 38% and more than double in most age groups under legalization. Tax policies are e¤ective at curbing use where over $8 billion in annual tax revenue could be realized. JEL Classi cation: L15, K42, H2
منابع مشابه
An Investigation of the Clinical Signs, and Frequency of Street Drug Poisoning in Patients Referred to Razi Hospital of Ahvaz City, 2008-2013
Background: Drug abuse is one of the major socio-medical problems of our time with a global scope. Abusing street drugs is on the rise among adults and is considered as a public health concern. In addition, limited studies are available in this regard. The aim of this study was to investigate the frequency of street drug poisoning in the Razi Hospital of Ahvaz in Iran during 2008-2013....
متن کاملEmergency department resource optimisation for improved performance: a review
Emergency departments (EDs) have been becoming increasingly congested due to the combined impacts of growing demand, access block and increased clinical capability of the EDs. This congestion has known to have adverse impacts on the performance of the healthcare services. Attempts to overcome with this challenge have focussed largely on the demand management and the application of system wide p...
متن کاملComparing market access formulas
This paper studies the impacts of several tariff reduction formulas on market access to US and EU agricultural markets. The two main instruments for the definition of market access are tariffs and TRQs. A liberalization of these policy instruments does not automatically improve import opportunities as this depends on the interaction of MFN tariff cuts, and developments of domestic supply and de...
متن کاملBidding Strategy in Spot Markets with Definition of a New Market Power Index by Using Conjectural Variation
In this paper, the concept of Conjectural Variation (CV) is used to specify optimal generation decision for generation companies (Gencos). The conjecture of Genco is defined as its belief or expectation about the reaction of rivals to change of its output. Using CV method, each Genco has to learn and estimate strategic behaviors of other competitors from available historical market operation da...
متن کاملIdentifying Demand Responses to Illegal Drug Supply Interdictions.
Successful supply-side interdictions into illegal drug markets are predicated on the responsiveness of drug prices to enforcement and the price elasticity of demand for addictive drugs. We present causal estimates that targeted interventions aimed at methamphetamine input markets ('precursor control') can temporarily increase retail street prices, but methamphetamine consumption is weakly respo...
متن کامل