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Date: April 30, 2024 Tue
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Results for cocaine (italy)
1 results foundAuthor: Russo, Francesco Flaviano Title: Cocaine: The Complementarity Between Legal and Illegal Trade Summary: The smuggling cost of an imported illegal good decreases as the volume of legally imported goods increases. First because more imports are typically associated to an increased number of transporters, which is an increased supply of potential smugglers. Second because, as the number of shipments increases, the individual inspection probability decreases, lowering the risk born by the smugglers and thus their compensation. I test this theory using data on the market for cocaine, finding empirical support: in a panel of countries, an increased volume of imports is robustly associated to a decreased price of cocaine. Legal and illegal trade appear to be complementary. Details: Naples, Italy: CSEF - Centre for Studies in Economics and Finance, Department of Economics, University of Naples, 2010. 40p. Source: Internet Resource: Working Paper No. 253: Accessed May 30, 2013 at: http://www.csef.it/WP/wp253.pdf Year: 2010 Country: International URL: http://www.csef.it/WP/wp253.pdf Shelf Number: 128853 Keywords: Cocaine (Italy)Cocaine SmugglingDrug TraffickingIllegal Trade |