illicit drugs, retail market

Manolis Galenianos

from Palgrave Macmillan

Abstract: Three key features of the retail trade for illicit drugs are documented: moral hazard, repeated interactions and price dispersion. An interpretation of this evidence based on search and informational frictions is presented. Various policy implications of the suggested interpretation are discussed.

Keywords: drugs; cocaine; heroin; informational friction; narcotics (search for similar items in EconPapers)
JEL-codes: J64 K14 K42 (search for similar items in EconPapers)
Date: 2010
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