EconPapers    
Economics at your fingertips  
 

The long-run fall in the prices of hard drugs: an explanation

Leonardo Raffo López ()

Lecturas de Economía, 2015, issue 83, 63-96

Abstract: The goal of this research is to advance in the comprehension of illicit hard drug markets and to explain the long-run fall exhibited by the prices of hard drugs during the last three decades. Following Poret and Téjedo’s (2006) approach, an analytical model was developed to understand the performance of hard drug markets taking into account the influence of the drug trafficking and distribution networks that support them. This represents a contribution in the field of crime economics and, in particular, in the line of research pertaining to the economic theory of illegal goods. The model proves some key results about the functioning of illegal markets. Among them, that the expansion and densification of drug trafficking and distribution networks are powerful forces that explain to some extent the long-run fall in hard drug prices.

Keywords: drug trafficking; delinquent networks; illegal markets; game theory; social networks; law enforcement. (search for similar items in EconPapers)
JEL-codes: K42 D43 L13 C72 D85 (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://aprendeenlinea.udea.edu.co/revistas/index.p ... cle/view/23440/19307 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:lde:journl:y:2015:i:83:p:63-96

Ordering information: This journal article can be ordered from
Lecturas de Economía, Departamento de Economía, Calle 67, 53-108, Medellin 050010, Colombia.

DOI: 10.17533/udea.le.n83a03

Access Statistics for this article

Lecturas de Economía is currently edited by Carlos Andrés Vasco Correa

More articles in Lecturas de Economía from Universidad de Antioquia, Departamento de Economía Contact information at EDIRC.
Bibliographic data for series maintained by Carlos Andrés Vasco Correa ().

 
Page updated 2020-10-30
Handle: RePEc:lde:journl:y:2015:i:83:p:63-96