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Drug Prohibition and Its Alternatives

John J. Donohue III

in Lessons from the Economics of Crime: What Reduces Offending?

Published in print:
2013
Published Online:
May 2014
ISBN:
9780262019613
eISBN:
9780262314633
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262019613.003.0003
Subject:
Economics and Finance, Public and Welfare

Both legal (alcohol, tobacco) and illegal drugs impose substantial costs on society, but the nature of the costs varies dramatically between use and prohibition costs. This paper tries to assess ... More


The Role of Repugnance in the Development of Markets: The Case of the Market for Transplantable Kidneys

Julio Jorge Elias

in Social Economics: Current and Emerging Avenues

Published in print:
2017
Published Online:
September 2017
ISBN:
9780262035651
eISBN:
9780262337915
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262035651.003.0010
Subject:
Economics and Finance, History of Economic Thought

Economic efficiency is a criterion commonly used in economic analyses to establish an order of preference between different policy alternatives. However, in many societal situations where decisions ... More


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