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Discussion Papers. Alessandro Gavazza, Gavazza, Alessandro, Rosenthal, Matthijs R. Wildenbeest, Matthijs R Wildenbeest, Steven D. Horowitz J. Randall D. Votruba, Toshiaki Iizuka, Guido W. Imbens, G. Levitt, Dave, Dhaval, Becker, Gary S. Stigler Center for the Study of the Economy and the State. Gary S. Boot, Arnoud W. Carrieri, V. Liu, Lu, Bhaskar, V. Richards, Rocco Macchiavello, Macchiavello, Rocco, Mark, Philip C. Mark Isaac, Working Papers , University of Turin. Most related items These are the items that most often cite the same works as this one and are cited by the same works as this one. Gautier, Pieter A. Pieter A. Wolthoff, DeAngelo, Gregory, More about this item JEL classification: J1 - Labor and Demographic Economics - - Demographic Economics Statistics Access and download statistics Corrections All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ehl:lserod See general information about how to correct material in RePEc. If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about. If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form. If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the 'citations' tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation. For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: LSERO Manager email available below. Please note that corrections may take a couple of weeks to filter through the various RePEc services. Economic literature: papers , articles , software , chapters , books. My bibliography Save this paper. A structural model of the retail market for illicit drugs. Registered: Alessandro Gavazza Manolis Galenianos. We estimate a model of illicit drugs markets using data on purchases of crack cocaine. Hence, sellers can rip off first-time buyers or can offer higher-quality drugs to induce buyers to purchase from them again. In equilibrium, a distribution of qualities persists. The estimated model implies that if drugs were legalized, in which case purity could be regulated and hence observable, the average purity of drugs would increase by approximately 20 percent and the dispersion would decrease by approximately 80 percent. Handle: RePEc:ehl:lserod as. Corrections All material on this site has been provided by the respective publishers and authors. Help us Corrections Found an error or omission? RePEc uses bibliographic data supplied by the respective publishers.

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