A Simple Economic Model of Cocaine Production
This report presents a simple equilibrium model of the cocaine industry in Peru, Bolivia, and Colombia. The purpose of the model is to represent the fundamental economic relations that determine the size of cocaine output and the price of cocaine, and to simulate the effects of policy initiatives or other changes in the surrounding environment. Model results indicate that: "crop substitution" programs will have a negligible impact on the world cocaine market. Cocaine supply control strategies that seize and destroy 70 percent or less of production, without limiting the total level of production, will have little impact on the market. Changes in the size of the world cocaine market have a relatively modest long-run impact on the standard of living of average workers in Peru, Bolivia, and Colombia.
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Document Details
- Copyright: RAND Corporation
- Availability: Available
- Format: Paperback
- Pages: 84
- List Price: $25.00
- Price: $20.00
- ISBN/EAN: 0-8330-1384-X
- Document Number: MR-201-USDP
- Year: 1994
- Series: Monograph Reports
This report is part of the RAND Corporation monograph report series. The monograph/report was a product of the RAND Corporation from 1993 to 2003. RAND monograph/reports presented major research findings that addressed the challenges facing the public and private sectors. They included executive summaries, technical documentation, and synthesis pieces.
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