Posted by Eugene Volokh: Illicit Market Economics: http://volokh.com/archives/archive_2005_05_29-2005_06_04.shtml#1117699289
[1]Mark Kleiman, one of the country's leading drug policy experts, has a very interesting post related to the Justice Stevens-Randy Barnett exchange about what effect a decrease in demand has on prices. It turns out, Mark says, that where at least some illicit goods are concerned, lower demand may mean higher prices. References 1. http://www.markarkleiman.com/archives/drug_policy_/2005/06/the_supreme_court_meets_illicitmarket_economics.php _______________________________________________ Volokh mailing list [email protected] http://highsorcery.com/cgi-bin/mailman/listinfo/volokh
