Optimal enforcement policies (crackdowns
โ
Peter M. Kort; Gustav Feichtinger; Richard F. Hartl; Josef L. Haunschmied
๐
Article
๐
1998
๐
John Wiley and Sons
๐
English
โ 138 KB
In this paper an optimal control model is presented to design enforcement programs minimizing the social costs from both the market and crackdown. The model is built around a dynamic equation proposed by Caulkins in which the development of the number of dealers in a particular illicit drug market d