ANTI-DRUG POLICIES: ON THE WRONG PATH TO PEACE

Hernán Maldonado Jaramillo ()

No 2011, Documentos CEDE from Universidad de los Andes, Facultad de Economía, CEDE

Abstract: The objective of this research is to analyze why drug prohibition policy is the observed outcome on the international political arena and its effects on the Colombian conflict. A gravity model based on Akerlof (1997) is implemented to examine the international drug policy equilibrium of a game that shows how drug prohibition is a stable suboptimal policy. Finally, this work suggests how applying a less restrictive regulatory framework to the drug market can lead to a reduction on the rents obtained by illegal groups from the drug business and, therefore, to a reduction on the intensity of the Colombian conflict.

Keywords: Drugs rents; Gravity model; Colombia; Conflict resolution (search for similar items in EconPapers)
JEL-codes: F42 K42 O54 (search for similar items in EconPapers)
Pages: 40
Date: 2006-01-25
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Persistent link: https://EconPapers.repec.org/RePEc:col:000089:002011

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