http://www.netvouz.com/url/4778eda00ad26a475b3e1ca83daaaad2?feed=rss Info about a link http://www.sciencedaily.com/releases/2006/01/060112034638.htm In an important new study, world-renowned economists -- including a Nobel Prize winner and a MacArthur "genius" -- argue that when demand for a good is inelastic, the cost of making consumption illegal exceeds the gain. Their forthcoming paper in the Journal of Political Economy is a definitive explanation of the economics of illegal goods and a thoughtful explication of the costs of enforcement. macroeco paper n05feratu Thu, 22 Feb 2007 01:41:35 GMT http://www.sciencedaily.com/releases/2006/01/060112034638.htm In an important new study, world-renowned economists -- including a Nobel Prize winner and a MacArthur "genius" -- argue that when demand for a good is inelastic, the cost of making consumption illegal exceeds the gain. Their forthcoming paper in the Journal of Political Economy is a definitive explanation of the economics of illegal goods and a thoughtful explication of the costs of enforcement. macroeco paper n05feratu Thu, 22 Feb 2007 01:09:31 GMT