The long-run fall in the prices of hard drugs: an explanation
The goal of this research is to advance in the comprehension of illicit hard drug markets and to explain the long-run fall exhibited by the prices of hard drugs during the last three decades. Following Poret and Téjedo’s (2006) approach, an analytical model was developed to understand the performanc...
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| Format: | Article |
| Language: | English |
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Universidad de Antioquia
2015-07-01
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| Series: | Lecturas de Economía |
| Subjects: | |
| Online Access: | https://revistas.udea.edu.co/index.php/lecturasdeeconomia/article/view/23440 |
| _version_ | 1818038104222597120 |
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| author | Leonardo Raffo |
| author_facet | Leonardo Raffo |
| author_sort | Leonardo Raffo |
| collection | DOAJ |
| description | The goal of this research is to advance in the comprehension of illicit hard drug markets and to explain the long-run fall exhibited by the prices of hard drugs during the last three decades. Following Poret and Téjedo’s (2006) approach, an analytical model was developed to understand the performance of hard drug markets taking into account the influence of the drug trafficking and distribution networks that support them. This represents a contribution in the field of crime economics and, in particular, in the line of research pertaining to the economic theory of illegal goods. The model proves some key results about the functioning of illegal markets. Among them, that the expansion and densification of drug trafficking and distribution networks are powerful forces that explain to some extent the long-run fall in hard drug prices. |
| first_indexed | 2024-12-10T07:37:26Z |
| format | Article |
| id | doaj.art-58e5a69061b74e9bb3c3752d9050ee3f |
| institution | Directory Open Access Journal |
| issn | 0120-2596 2323-0622 |
| language | English |
| last_indexed | 2024-12-10T07:37:26Z |
| publishDate | 2015-07-01 |
| publisher | Universidad de Antioquia |
| record_format | Article |
| series | Lecturas de Economía |
| spelling | doaj.art-58e5a69061b74e9bb3c3752d9050ee3f2022-12-22T01:57:23ZengUniversidad de AntioquiaLecturas de Economía0120-25962323-06222015-07-018310.17533/udea.le.n83a03The long-run fall in the prices of hard drugs: an explanationLeonardo RaffoThe goal of this research is to advance in the comprehension of illicit hard drug markets and to explain the long-run fall exhibited by the prices of hard drugs during the last three decades. Following Poret and Téjedo’s (2006) approach, an analytical model was developed to understand the performance of hard drug markets taking into account the influence of the drug trafficking and distribution networks that support them. This represents a contribution in the field of crime economics and, in particular, in the line of research pertaining to the economic theory of illegal goods. The model proves some key results about the functioning of illegal markets. Among them, that the expansion and densification of drug trafficking and distribution networks are powerful forces that explain to some extent the long-run fall in hard drug prices.https://revistas.udea.edu.co/index.php/lecturasdeeconomia/article/view/23440drug traffickingdelinquent networksillegal marketsgame theorysocial networkslaw enforcement. |
| spellingShingle | Leonardo Raffo The long-run fall in the prices of hard drugs: an explanation Lecturas de Economía drug trafficking delinquent networks illegal markets game theory social networks law enforcement. |
| title | The long-run fall in the prices of hard drugs: an explanation |
| title_full | The long-run fall in the prices of hard drugs: an explanation |
| title_fullStr | The long-run fall in the prices of hard drugs: an explanation |
| title_full_unstemmed | The long-run fall in the prices of hard drugs: an explanation |
| title_short | The long-run fall in the prices of hard drugs: an explanation |
| title_sort | long run fall in the prices of hard drugs an explanation |
| topic | drug trafficking delinquent networks illegal markets game theory social networks law enforcement. |
| url | https://revistas.udea.edu.co/index.php/lecturasdeeconomia/article/view/23440 |
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