TY - JOUR AU - Donohue, John J, III AU - Ewing, Benjamin AU - Peloquin, David TI - Rethinking America's Illegal Drug Policy JF - National Bureau of Economic Research Working Paper Series VL - No. 16776 PY - 2011 Y2 - February 2011 DO - 10.3386/w16776 UR - http://www.nber.org/papers/w16776 L1 - http://www.nber.org/papers/w16776.pdf N1 - Author contact info: John J. Donohue Stanford Law School Crown Quadrangle 559 Nathan Abbott Way Stanford, CA 94305 Tel: 650/721-6339 E-Mail: donohue@law.stanford.edu Benjamin Ewing Yale Law School 127 Wall Street New Haven, CT 06511 E-Mail: bewing@princeton.edu David Peloquin Yale Law School 127 Wall Street New Haven, CT 06511 Tel: 952.457.3328 E-Mail: no email available M1 - published as John J. Donohue III, Benjamin Ewing, David Pelopquin. "Rethinking America's Illegal Drug Policy," in Philip Cook, Jens Ludwig, Justin McCrary, editors, "Controlling Crime: Strategies and Tradeoffs" University of Chicago Press (2011) M3 - presented at "Economical Crime Control Conference", January 15-16, 2010 AB - This paper provides a critical review of the empirical and theoretical literatures on illegal drug policy, including cross-country comparisons, in order to evaluate three drug policy regimes: criminalization, legalization and "depenalization." Drawing on the experiences of various states, as well as countries such as Portugal and the Netherlands, the paper attempts to identify cost-minimizing policies for marijuana and cocaine by assessing the differing ways in which the various drug regimes would likely change the magnitude and composition of the social costs of each drug. The paper updates and evaluates Jeffrey Miron's 1999 national time series analysis of drug prohibition spending and the homicide rate, which underscores the lack of a solid empirical base for assessing the theoretically anticipated crime drop that would come from drug legalization. Nonetheless, the authors conclude that given the number of arrests for marijuana possession, and the costs of incarceration and crime systemic to cocaine criminalization, the current regime is unlikely to be cost-minimizing for either marijuana or cocaine. ER -