@article{ref1,
title="Drug decriminalization and the price of illicit drugs",
journal="International journal on drug policy",
year="2016",
author="Félix, Sónia and Portugal, Pedro",
volume="39",
number="",
pages="121-129",
abstract="BACKGROUND: This study is an empirical assessment of the impact of the drug decriminalization policy followed by Portugal in July 2001, on the price of illicit drugs. <br><br>METHODS: The analysis is performed using a difference-in-differences approach and the Synthetic Control Method in order to construct a synthetic control unit from a convex combination of countries. <br><br>RESULTS: The results suggest that the prices of opiates and cocaine in the post-treatment period did not decrease in the sequence of the policy change. <br><br>CONCLUSION: We conclude that the drug decriminalization policy seems to have caused no harm through lower illicit drugs prices, which would lead to higher drug usage and dependence.<br><br>Copyright © 2016 Elsevier B.V. All rights reserved.<p /> <p>Language: en</p>",
language="en",
issn="0955-3959",
doi="10.1016/j.drugpo.2016.10.014",
url="http://dx.doi.org/10.1016/j.drugpo.2016.10.014"
}