Trafficking in Drugs and Economic Theory

Sati Shankar

https://orcid.org/0000-0003-4638-1745 www.satishankar.in

GSFN India, New Delhi, 110024, www.gsfn.in

Citation Sati Shankar. “Trafficking in Drugs and Economic Theory.” ISBN.81.85694.10.9, Ganga Kaveri Publishing, Varanasi, India, 1994, https://doi.org/10.30847/94gsfn0102bv1.ISBN.81.85694.10.9

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Title Trafficking in Drugs and Economic Theory

Author Sati Shankar https://orcid.org/0000-0003-4638-1745

DOI https://doi.org/10.30847/94gsfn0102bv1.ISBN.81.85694.10.9

Full Name Sati Shankar Dutta Pandey

Published 1994

Version Version 1

Stable URL https://astitva.gsfn.in/19940000102bv1

Document 19940000102bv1

Primary class Mathematical Sciences, Mathematical Economics

Language English

Type Book

ISSN

ISBN ISBN.81.85694.10.9

Imprint

Published by Ganga Kaveri Publishing, Varanasi, India

Publisher Site www.gsfn.in

Keywords: Black Markets, mathematical economics, shortage, trafficking, drugs, Kornai, addiction

Abstract

The focus of this study is on black markets which provide an important segment of the parallel economy. These markets operate in disequilibrium,search and information costs become very important.Trafficking in drugs taken as case, to explore both theoretically and empirically. The problem, studied some twenty years back has been accentuating gradually world over. It is still a pressing problem of our civilization which needs to be tackled immediately and this requires a clear understanding of the problem and based on that,effective policy formulation and enforcement.We find that psycho-physiological dependence in abusers make their economic budget constraint 'redundant' thereby leading to completely inelastic demand schedules.Increasing cost of Police surveillance yields diminishing returns in terms of deterrence.There are secondary crimes as a result.By using developments in other human sciences, study opens the road leading to more realistic economic theory.

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