Results

CEP discussion paper

Medical marijuana laws and mental health in the United States

The consequences of legal access to medical marijuana for individual welfare are a matter of controversy. We contribute to the ongoing discussion by evaluating the impact of the staggered introduction and extension of me...Read more...

Journal article

American Economic Review:

A structural model of the retail market for illicit drugs

We estimate a model of illicit drugs markets using data on purchases of crack cocaine. Buyers are searching for high-quality drugs, but they determine drugs' quality (i.e., their purity) only after consuming them. Hence,...Read more...

CEP discussion paper

Patents and the global diffusion of new drugs

This paper studies how patent rights and price regulation affect how fast new drugs are launched in different countries, using newly constructed data on launches of 642 new drugs in 76 countries for the period 1983-2002,...Read more...