Increasing Marginal Revenue and Demand Elasticity
6 Pages Posted: 23 Oct 2013
Date Written: October 16, 2013
If social "harm" is an inverse-U function against the degree of control of illicit drug markets, and if revenue can proxy "harm," what demand functions result in increasing marginal revenue?
Keywords: illicit drug markets, increasing marginal revenue, demand functions
JEL Classification: K420
Suggested Citation: Suggested Citation