Estimating the Price Elasticity of Demand for Cannabis: A Geographical and Crowdsourced Approach // La estimación de la elasticidad en los precios de la demanda de cannabis: un enfoque geográfico y basado en la colaboración abierta distribuida

Autores/as

  • Dennis Halcoussis Department of Economics California State University, Northridge
  • Anton D. Lowenberg Department of Economics California State University, Northridge
  • Zach Roof Department of Economics California State University, Northridge

Palabras clave:

cannabis, price elasticity, demand, elasticidad en los precios, demanda

Resumen

Recent legalizations of cannabis at the state level in the United States have given rise to renewed interest in the price elasticity of demand for cannabis and implications for likely state excise and sales tax revenues.  We use crowdsourced data on prices, qualities, and consumption of cannabis across regional markets in the United States to estimate the price elasticity of demand for cannabis. We use distances from growing areas to the major markets as a proxy for cost variations.  We obtain an estimate of the price elasticity of demand for cannabis of -0.418, which suggests that legalizing and taxing recreational cannabis use would be lucrative for government treasuries.

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Las recientes legalizaciones del cannabis a nivel estatal en los Estados Unidos han dado lugar a un renovado interés en la elasticidad en los precios de la demanda de cannabis y sus implicaciones en los ingresos por impuestos estatales y sobre ingresos por ventas. Utilizamos datos en colaboración abierta sobre precios, calidades y consumo de cannabis en los mercados regionales de los Estados Unidos para estimar la elasticidad en los precios de la demanda de cannabis. Utilizamos distancias desde las zonas de cultivo hasta los principales mercados como sustituto de las variaciones de los costos. Se obtiene una estimación de la elasticidad en los precios de la demanda de cannabis de -0,418, lo que sugiere que la legalización y el gravamen del cannabis para uso recreativo sería lucrativo para los erarios públicos.

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Publicado

2017-07-01

Cómo citar

Halcoussis, D., Lowenberg, A. D., & Roof, Z. (2017). Estimating the Price Elasticity of Demand for Cannabis: A Geographical and Crowdsourced Approach // La estimación de la elasticidad en los precios de la demanda de cannabis: un enfoque geográfico y basado en la colaboración abierta distribuida. Revista De Métodos Cuantitativos Para La Economía Y La Empresa, 23, Páginas 119 a 136. Recuperado a partir de https://www.upo.es/revistas/index.php/RevMetCuant/article/view/2689

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