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Title: Optimal Drug Policy in Low-Income Neighborhoods
Authors: 張勝文
Chang, Sheng Wen
Coulson, N. Edward
Wang, Ping
Contributors: 財政系
Date: 2016-10
Issue Date: 2017-08-31 13:48:08 (UTC+8)
Abstract: The control of drug activity currently favors supply-side policies: drug suppliers in the United States face a higher arrest rate and longer sentences than demanders. We construct a simple model of drug activity with search and entry frictions in labor and drug markets. Our calibration analysis suggests a strong “dealer replacement effect.” As a result, given a variety of community objectives, it is beneficial to lower supplier arrests and raise the demand arrest rate from current values. A 10% shift from supply-side to demand-side arrests can reduce the population of potential drug dealers by 22–25,000 and raise aggregate local income by $380–$400 million, at 2002 prices.
Relation: Journal of Public Economic Theory, 18(5), 726-751
Data Type: article
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Appears in Collections:[財政學系] 期刊論文

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