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    Please use this identifier to cite or link to this item: http://nccur.lib.nccu.edu.tw/handle/140.119/112442

    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
    DOI 連結: http://dx.doi.org/10.1111/jpet.12147
    DOI: 10.1111/jpet.12147
    Appears in Collections:[財政學系] 期刊論文

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