A Search-Theoretic Model of the Retail Market for Illicit Drugs

16 Pages Posted: 24 Jun 2007

See all articles by Manolis Galenianos

Manolis Galenianos

Royal Holloway, University of London

Nicola Persico

Northwestern University - Kellogg School of Management

Rosalie Liccardo Pacula

University of Southern California - Schaeffer Center for Health Policy and Economics; National Bureau of Economic Research (NBER)

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Date Written: June 2007

Abstract

A search-theoretic model of the retail market for illegal drugs is developed. The model produces testable implications regarding the effect of interdiction and enforcement on: (a) the distribution of purity offered in equilibrium; and (b) the duration of the relationships between buyers and sellers. Some of these predictions are taken to the data using the STRIDE and ADAM datasets.

Keywords: illicit drugs, search

Suggested Citation

Galenianos, Manolis and Persico, Nicola and Pacula, Rosalie Liccardo, A Search-Theoretic Model of the Retail Market for Illicit Drugs (June 2007). Available at SSRN: https://ssrn.com/abstract=996139 or http://dx.doi.org/10.2139/ssrn.996139

Manolis Galenianos (Contact Author)

Royal Holloway, University of London ( email )

Horton Building
Department of Economics
Egham, Surrey TW20 0EX
United Kingdom

HOME PAGE: http://https://www.manolis-galenianos.org/

Nicola Persico

Northwestern University - Kellogg School of Management ( email )

2001 Sheridan Road
Evanston, IL 60208
United States

Rosalie Liccardo Pacula

University of Southern California - Schaeffer Center for Health Policy and Economics ( email )

635 Downey Way
Los Angeles, CA 90089-3333
United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

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