Two Short Papers on Marijuana, Legalisation and Drinking

Research output: Working paperDiscussion paper

Abstract

The paper uses the substitutability between goods to model the transmission to other products of a consumption shock to one product. The framework is used to analyse the impact on drinking of legalisation of marijuana. For all types of consumers for example, the results indicate that legalisation would led to approximately a 4-percent increase in marijuana consumption, while beer, wine and spirits consumption would fall by 1 percent, 2 percent and almost 4 percent, respectively.
Original languageEnglish
PublisherUWA Business School
Publication statusPublished - 2005

Publication series

NameEconomics Discussion Papers
No.14
Volume5

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