Endogenous Prices

Estimating Demand Systems with Unobserved Heterogeneity and Censoring: Evidence from Illicit Drug Markets in Colombia Under Submission
The response of illicit drug consumers to policy changes like legalization is mediated by demand behavior. Since individual drug use is …
Last updated on Jul 12, 2026 Econometrics, Applied Microeconomics, Bayesian, Limited Dependent Variables, Instrumental Variables
arXiv