Journal
SUBSTANCE USE & MISUSE
Volume 41, Issue 4, Pages 489-509Publisher
TAYLOR & FRANCIS INC
DOI: 10.1080/10826080500521755
Keywords
cocaine; demand; elasticity; human capital; marijuana
Categories
Funding
- NATIONAL INSTITUTE ON DRUG ABUSE [R01DA012724] Funding Source: NIH RePORTER
- NIDA NIH HHS [R01DA12724-0] Funding Source: Medline
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After experiencing a period of rapid decline between 1986 and 1994, cocaine use is once again on the rise in the United States. The increased prevalence of use among college students is particularly troubling because of its potential impact oil human capital acquisition and long-term labor market success. Merging information oil the price of cocaine and marijuana from the US. Drug Enforcement Agency with data oil cocaine use from the College Alcohol Study. we investigate the demand for cocaine in the college population. We find evidence that participation in cocaine use by college students is responsive to changes in the price of cocaine and marijuana and that cocaine and marijuana are economic complements for this population. Further investigation revealed significant differences in the demand for cocaine by those less than age 21 and those at least age 21, Years. with the younger age group being more responsive to changes in the price of cocaine. No difference is found, however; in the demand for cocaine across gender
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