MARC Record from Library of Congress

LEADER: 02608cam a22003137a 4500
001 2005615519
003 DLC
005 20061117081927.0
007 cr |||||||||||
008 050111s2004 mau sb 000 0 eng
010 $a 2005615519
040 $aDLC$cDLC$dDLC
050 00 $aHB1
100 1 $aDave, Dhaval.
245 14 $aThe effects of cocaine and heroin prices on drug-related emergency department visits$h[electronic resource] /$cDhaval Dave.
260 $aCambridge, MA :$bNational Bureau of Economic Research,$cc2004.
490 1 $aNBER working paper series ;$vworking paper 10619
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 1/11/2005.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"This paper estimates the empirical relationship between the prices of cocaine and heroin and objective indicators of use. The set of outcomes is drug related hospital emergency department admissions where cocaine and heroin are cited, for 21 large U.S. metropolitan areas. These outcomes are superior to subjective self-reports, and are policy-relevant since they directly measure a large component of the health-care costs associated with heavy or chronic drug usage. Panel data methodology is used to identify the empirical link between drug prices and these indicators. Results indicate that health consequences associated with heavy or chronic drug use are negatively related to drug prices, an instrument of drug control policy. The elasticity of the probability of a cocaine mention with respect to own-price is estimated at -0.27, and the corresponding elasticity for the probability of a heroin mention is -0.15. The probability of any drug related episode, which captures polydrug usage, is also significantly negatively related to both cocaine and heroin prices. Cross-price effects are consistent with a complementary relationship between cocaine and heroin. Models indicate the presence of negative lagged price effects, confirming the strong addictive aspects of both drugs and the cumulative adverse effects of drug use on health"--National Bureau of Economic Research web site.
650 0 $aCocain$xPrices.
650 0 $aHeroin$xPrices.
650 0 $aHospitals$xEmergency services$xUtilization$zUnited States.
710 2 $aNational Bureau of Economic Research.
830 0 $aWorking paper series (National Bureau of Economic Research : Online) ;$vworking paper no. 10619.
856 40 $uhttp://papers.nber.org/papers/w10619