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The Economic Case against Drug Prohibition

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Author Info
Miron, Jeffrey A
Zwiebel, Jeffrey

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Abstract

This paper discusses the costs and benefits of drug prohibition. It offers a detailed outline of the economic consequences of drug prohibition and a systematic analysis of the relevant empirical evidence. The bottom line is that a relatively free market in drugs is likely to be vastly superior to the current policy of prohibition. Copyright 1995 by American Economic Association.

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File URL: http://links.jstor.org/sici?sici=0895-3309%28199523%299%3A4%3C175%3ATECADP%3E2.0.CO%3B2-S&origin=bc
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Publisher Info
Article provided by American Economic Association in its journal Journal of Economic Perspectives.

Volume (Year): 9 (1995)
Issue (Month): 4 (Fall)
Pages: 175-92
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Handle: RePEc:aea:jecper:v:9:y:1995:i:4:p:175-92

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  1. Sylvaine Poret, 2005. "Structure verticale d'un réseau de distribution de drogues illicites et politique répressive optimale," Recherches économiques de Louvain, De Boeck Université, vol. 71(4), pages 391-412. [Downloadable!]
    Other versions:
  2. Adeline Delavande & Dana Goldman & Neeraj Sood, 2007. "Criminal Prosecution and HIV-related Risky Behavior," NBER Working Papers 12903, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  3. B. Douglas Bernheim & Antonio Rangel, 2002. "Addiction and Cue-Conditioned Cognitive Processes," NBER Working Papers 9329, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  4. Kai A. Konrad, 2005. "Tournaments and Multiple Productive Inputs: The Case of Performance Enhancing Drugs," IZA Discussion Papers 1844, Institute for the Study of Labor (IZA). [Downloadable!]
  5. Luijk, E.W. van & Ours, J.C. van, 1998. "On the determinants of opium consumption : an empirical analysis of historical data," Discussion Paper 63, Tilburg University, Center for Economic Research. [Downloadable!]
  6. Philip A. Curry & Steeve Mongrain, 2007. "What You Don't See Can't Hurt You: An Economic Analysis of Morality Laws," Discussion Papers dp07-05, Department of Economics, Simon Fraser University. [Downloadable!]
    Other versions:
  7. Jeffrey R. Kling & Jens Ludwig, 2006. "Is Crime Contagious?," Working Papers 889, Princeton University, Department of Economics, Industrial Relations Section.. [Downloadable!]
  8. Daniel B. Klein, 2006. "Sense and Sensibilities: Myrdal’s Plea for Self-Disclosure and Some Disclosures on AEA Members," Econ Journal Watch, Atlas Economic Research Foundation, vol. 3(2), pages 180-205, May. [Downloadable!]
  9. Jeffrey A. Miron, 1999. "The Effect of Alcohol Prohibition on Alcohol Consumption," NBER Working Papers 7130, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  10. Ciro Biderman & João Manoel Pinho de Mello & Alexandre A Schneider, 2006. "Dry law and homicides: evidence from the São Paulo metropolitan area," Textos para discussão 518, Department of Economics PUC-Rio (Brazil), revised Oct 2008. [Downloadable!]
  11. Bruno S. Frey, 2005. "Knight Fever – Towards an Economics of Awards," CESifo Working Paper Series CESifo Working Paper No. , CESifo GmbH. [Downloadable!]
    Other versions:
  12. Sara Markowitz, 2000. "An Economic Analysis of Alcohol, Drugs, and Violent Crime in the National Crime Victimization Survey," NBER Working Papers 7982, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  13. Jens Ludwig & Jeffrey R. Kling, 2006. "Is Crime Contagious?," IZA Discussion Papers 2213, Institute for the Study of Labor (IZA). [Downloadable!]
  14. Gerald Kennally, 2001. "Regulating the Trade in Recreational Drugs," European Journal of Law and Economics, Springer, vol. 11(1), pages 69-82, January. [Downloadable!] (restricted)
  15. Jens Ludwig & Jeffrey R. Kling, 2006. "Is Crime Contagious?," NBER Working Papers 12409, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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