Investment in People and Ideas - Featured Research
Altered State? Assessing How Marijuana Legalization in California Could Influence Marijuana Consumption and Public Budgets — 2010
Legalizing marijuana in California would lead to a major decline in the pretax price, but the price for consumers will depend heavily on taxes, the regulatory regime structure, and how taxes and regulations are enforced. The lower price and nonprice effects will increase consumption, but it is unclear by how much. There is much uncertainty about the effect on public budgets; even minor changes in assumptions lead to major differences in outcomes.
Reducing Drug Trafficking Revenues and Violence in Mexico: Would Legalizing Marijuana in California Help? — 2009
U.S. demand for illicit drugs creates markets for Mexican drug-trafficking organizations (DTOs) and helps foster violence in Mexico. This paper examines how marijuana legalization in California might influence DTO revenues and the violence in Mexico.
The Problem of Measuring Emergency Preparedness: The Need for Assessing ''Response Reliability'' as Part of Homeland Security Planning — 2008
This paper frames a broad set of questions about how preparedness can be meaningfully measured and lays out some of the ingredients needed to answer them, provides some background on the national preparedness system and on current approaches for assessing emergency preparedness, and introduces the concept of response reliability, an alternative way of thinking about measuring preparedness.
A Cold War strategy of nation and economy building in Asia resulted in extraordinary economic growth, Cold War victory, and regional peace. Now neglect of economic priorities, erosion of America’s leadership in Asian regional institutions, Chinese filling of the vacuum, Japanese alienation from neighbors, risks to globalization, and loss of America’s Cold War balance between China and Japan could lead to drastically different scenarios, ranging from renewed Cold War to a reversal of alliances.