Encyclopedia of Law and Economics

2019 Edition
| Editors: Alain Marciano, Giovanni Battista Ramello

Prohibition

  • Nicholas A. SnowEmail author
Reference work entry
DOI: https://doi.org/10.1007/978-1-4614-7753-2_625

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.

This is a preview of subscription content, log in to check access.

References

  1. Cowan R (1986) How the narcs created crack: a war against ourselves. Natl Rev 38(23):26–34Google Scholar
  2. Friedman M (1975) An economist’s protest. Thomas Horton and Daughters, Glen RidgeGoogle Scholar

Further Reading

  1. Becker GS, Murphy KM, Grossman M (2006) The market for illegal goods: the case of drugs. J Polit Econ 114(1):38–60CrossRefGoogle Scholar
  2. 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):1069–1095Google Scholar
  3. Miron JA (2004) Drug war crimes: the consequences of prohibition. Independent Institute, OaklandGoogle Scholar
  4. Thornton M (1991) The economics of prohibition. University of Utah Press, Salt Lake CityGoogle Scholar

Copyright information

© Springer Science+Business Media, LLC, part of Springer Nature 2019

Authors and Affiliations

  1. 1.Department of EconomicsIndiana UniversityBloomingtonUSA