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On the Economics of Crime and Confiscation

Ted Bergstrom, University of California, Santa Barbara

Abstract

This little paper is presented in the form of two puzzles. It shows that simple supply and demand analysis leads to surprising results about the effect of confiscating illegally traded goods.

Suggested Citation

Ted Bergstrom. "On the Economics of Crime and Confiscation" Journal of Economic Perspectives 4.3 (1990): 171-178.