Abstract
A prohibition is a government decree against the production and exchange of a good or service. Recent studies on prohibitions, for a variety of goods and services, such as drugs, alcohol, and prostitution, suggest that prohibitions impose heavy costs and are extremely difficult to enforce.
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References
Cowan R (1986) How the narcs created crack: a war against ourselves. Natl Rev 38(23):26–34
Friedman M (1975) An economist’s protest. Thomas Horton and Daughters, Glen Ridge
Further Reading
Becker GS, Murphy KM, Grossman M (2006) The market for illegal goods: the case of drugs. J Polit Econ 114(1):38–60
Boettke PJ, Coyne CJ, Hall AR (2013) Keep off the grass: the economics of prohibition and U.S. Drug Policy. Oregon Law Rev 17(4):1069–1095
Miron JA (2004) Drug war crimes: the consequences of prohibition. Independent Institute, Oakland
Thornton M (1991) The economics of prohibition. University of Utah Press, Salt Lake City
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Snow, N.A. (2019). Prohibition. In: Marciano, A., Ramello, G.B. (eds) Encyclopedia of Law and Economics. Springer, New York, NY. https://doi.org/10.1007/978-1-4614-7753-2_625
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DOI: https://doi.org/10.1007/978-1-4614-7753-2_625
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