Citation

Caulkins JP, MacCoun R. J. Drug Iss. 2003; 33(2): 433-464.

Copyright

(Copyright © 2003, Florida State University, School of Criminology and Criminal Justice)

DOI

10.1177/002204260303300208

PMID

unavailable

Abstract

Drug markets have been targeted for increasingly tough enforcement, yet retail prices for cocaine and heroin have fallen by 70-80%. No research has explained adequately why prices have fallen. This paper explores the possibility that part of the explanation may lie in the failure of drug dealers to respond to risks the way the simplest rational actor models might predict.

Language: en