Economics and Marijuana: Consumption, Pricing and LegalisationCambridge University Press, 5 בנוב׳ 2009 - 422 עמודים Do marijuana users cut back on consumption when the price rises? To what degree is marijuana consumption related to drinking and tobacco usage? What would happen if marijuana were legalised and taxed in the same way as alcohol and tobacco? Is marijuana priced in a similar way to other goods? Economics and Marijuana deals with these and other questions by drawing on a rich set of data concerning the consumption and pricing of marijuana in Australia, a country where the drug has been decriminalised in some, but not all, states. The book applies the economic approach to drugs to analyse consumption, pricing and the economics of legalising the use of marijuana. The result is a fascinating analysis of this widely used, but little understood illicit drug that provides much needed information and policy advice for a wide range of readers, including economists, policy makers and health professionals. |
תוכן
Microeconometric evidence on marijuana | 15 |
Figures | 22 |
Changes in marijuana prices | 112 |
Regional differences in marijuana prices | 122 |
Three measures of relative difference | 129 |
on marijuana consumption | 174 |
Legalising marijuana | 338 |
IQMIAUJ | 406 |
418 | |
מהדורות אחרות - הצג הכל
מונחים וביטויים נפוצים
alcohol consumption alcoholic beverages analysis approximately Australia average benefit budget share cannabis capita cent cocaine coefficients column commodity consumer price consumption of marijuana cost countries d(log Daryal decrease decriminalisation defined definition demand equation demand for marijuana Divisia Divisia index econometric economic elasticity of demand estimates expenditure figure findings first Frisch price gram hedonic regression Hessian matrix illicit drugs income elasticity increase legalisation log-change marginal shares marginal utility marijuana consumption marijuana prices marijuana tax mean NDSHS observed ordered probit ounce own—price elasticity package Pacula Panel percentage preference independence price change price coefficients price elasticity price index price of marijuana probability probit model quantity consumed reflect relative price revenue risk premium Section Selvanathan significant significantly Slutsky specific substitution effect survey Table tax rate tobacco tobacco and alcohol users utility function variable weighted Western Australia zero Zhao