An economic perspective on the legalisation debate: the Dutch case
<!--StartFragment--> <p class="MsoNormal" style="text-align: justify; line-height: normal;"><span style="font-size: 13.0pt; font-family: Garamond; mso-bidi-font-family: Garamond; mso-ansi-language: EN-GB;">This paper reviews how...
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Amsterdam Law Forum
2010
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oai:doaj.org-article:a422798879d847a4a484045d2a5ae6792021-12-02T00:28:05ZAn economic perspective on the legalisation debate: the Dutch case1876-8156https://doaj.org/article/a422798879d847a4a484045d2a5ae6792010-10-01T00:00:00Zhttp://ojs.ubvu.vu.nl/alf/article/view/158https://doaj.org/toc/1876-8156<!--StartFragment--> <p class="MsoNormal" style="text-align: justify; line-height: normal;"><span style="font-size: 13.0pt; font-family: Garamond; mso-bidi-font-family: Garamond; mso-ansi-language: EN-GB;">This paper reviews how economic modelling provides a deeper understanding of drug markets. The exercise focuses on &lsquo;soft drugs&rsquo; (cannabinoids) in the Netherlands and outlines the effects of prohibition and legalisation. The purpose is to present an overview of analytical tools to non-economists. Based on a basic supply and demand framework the impact of enforcement, externalities, producer incentives and demand elasticity are highlighted. Results indicate that social welfare is maximized under legalisation given limited externalities associated with consumption and price inelastic demand. We recommend a liberalized soft drugs market that requires <em style="mso-bidi-font-style: normal;">inter alia</em> taxation, complemented with various health measures like quality controls and public campaigns. The Dutch case is exemplary, as this economic perspective offers universal building blocks relevant to the legalisation debate in other countries, and potentially to other substances.</span></p> <!--EndFragment-->Martijn A. BoermansAmsterdam Law ForumarticleLawKENAmsterdam Law Forum, Vol 2, Iss 4 (2010) |
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Law K Martijn A. Boermans An economic perspective on the legalisation debate: the Dutch case |
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<!--StartFragment--> <p class="MsoNormal" style="text-align: justify; line-height: normal;"><span style="font-size: 13.0pt; font-family: Garamond; mso-bidi-font-family: Garamond; mso-ansi-language: EN-GB;">This paper reviews how economic modelling provides a deeper understanding of drug markets. The exercise focuses on &lsquo;soft drugs&rsquo; (cannabinoids) in the Netherlands and outlines the effects of prohibition and legalisation. The purpose is to present an overview of analytical tools to non-economists. Based on a basic supply and demand framework the impact of enforcement, externalities, producer incentives and demand elasticity are highlighted. Results indicate that social welfare is maximized under legalisation given limited externalities associated with consumption and price inelastic demand. We recommend a liberalized soft drugs market that requires <em style="mso-bidi-font-style: normal;">inter alia</em> taxation, complemented with various health measures like quality controls and public campaigns. The Dutch case is exemplary, as this economic perspective offers universal building blocks relevant to the legalisation debate in other countries, and potentially to other substances.</span></p> <!--EndFragment--> |
| format |
article |
| author |
Martijn A. Boermans |
| author_facet |
Martijn A. Boermans |
| author_sort |
Martijn A. Boermans |
| title |
An economic perspective on the legalisation debate: the Dutch case |
| title_short |
An economic perspective on the legalisation debate: the Dutch case |
| title_full |
An economic perspective on the legalisation debate: the Dutch case |
| title_fullStr |
An economic perspective on the legalisation debate: the Dutch case |
| title_full_unstemmed |
An economic perspective on the legalisation debate: the Dutch case |
| title_sort |
economic perspective on the legalisation debate: the dutch case |
| publisher |
Amsterdam Law Forum |
| publishDate |
2010 |
| url |
https://doaj.org/article/a422798879d847a4a484045d2a5ae679 |
| work_keys_str_mv |
AT martijnaboermans aneconomicperspectiveonthelegalisationdebatethedutchcase AT martijnaboermans economicperspectiveonthelegalisationdebatethedutchcase |
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1718403758248951808 |