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Regulation on coexisting legal and illegal markets with quality differentiation |
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| Authors: | Yahagi Ken |
| Affiliation: | 1.Institute of Social Science, University of Tokyo, 7-3-1 Hongo, Bunkyo, Tokyo, 113-0033, Japan ; |
| Abstract: | European Journal of Law and Economics - This paper considers coexisting legal and illegal markets for goods with undesirable consumption externalities, such as marijuana markets. This paper... |
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