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The Simple Analytics of Illicit Drug Policy

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  • D. P. Doessel
  • Ruth F. G. Williams

Abstract

"The impact of alternative drug policy objectives, specifically harm reduction/harm minimisation or prohibition, is unclear. The literature is confusing. This article conceptualises the causal connection between drug consumption and health harm (or reduced health status) then clarifies the implication of 'drug related harm'. By applying some geometrical tools from economics, the choice of policy objective is analysed. The preferences of policy advocates are then incorporated. Policy advocates are conceived as arguing that decision-makers and consumers should adopt their preferences between drugs and health harm. With this approach, the difference between alternative drug policies, in particular prohibition and harm minimisation/reduction, is demonstrated." Copyright (c)2008 The University of Melbourne, Melbourne Institute of Applied Economic and Social Research.

Suggested Citation

  • D. P. Doessel & Ruth F. G. Williams, 2008. "The Simple Analytics of Illicit Drug Policy," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 41(3), pages 239-249, September.
  • Handle: RePEc:bla:ausecr:v:41:y:2008:i:3:p:239-249
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    Cited by:

    1. Carlos Casacuberta & Mariana Gerstenblüth & Patricia Triunfo, 2012. "Aportes del análisis económico al estudio de las drogas," Documentos de Trabajo (working papers) 0112, Department of Economics - dECON.

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