Carnegie Mellon University
Browse

Estimating Elasticities of Deman for Cocaine and Heroin with Data from the Drug Use Forecasting System

Download (2.8 MB)
journal contribution
posted on 1995-08-01, 00:00 authored by Jonathan P Caulkins
Elasticities of demand for cocaine and heroin are estimated as the product of the elasticity of demand with respect to an intermediate variable and the elasticity of the intermediate variable with respect to price. The intermediate variable used here is the percent of arrestees testing positive for the drug. The demand for cocaine, at least, appears to be substantially more responsive to price changes than had previously been supposed.

History

Date

1995-08-01

Usage metrics

    Exports

    RefWorks
    BibTeX
    Ref. manager
    Endnote
    DataCite
    NLM
    DC