title: Let it snow! Let it snow! Let it snow! Estimating cocaine production using a novel dataset based on reported seizures of laboratories in Colombia.
abstract: BACKGROUND
  Data on the cocaine market appear inconsistent, as they tend to show declining prices vis-a-vis steady or increasing demand and a declining supply. This paper proposes an explanation for this trend by providing evidence of an under-estimation of the supply of cocaine.
  
  
  METHODS
  We propose a conservative estimate of cocaine production in Colombia for 2008, using data based on all reported seizures from 328 laboratories made by the counteracting organisations operating within the Colombian territory.
  
  
  RESULTS
  Our conservative estimate of 935 tons from the seized laboratories is at least twice the estimate declared in official statistics of 295-450 tons. We are careful to keep all variables to their minimum boundary values. Our methodology could prove to be a useful tool, especially if used in parallel with the standard tools. Moreover, its characteristics (affordability, ease of use and potential for worldwide adoption) make it a powerful instrument to counteract cocaine production.
authors.affiliation: Department of Economics, University of Bologna and Ceris-CNR, Milan, Italy.
authors.forename: Riccardo
authors.initials: R
authors.lastname: Leoncini
authors.forename: Francesco
authors.initials: F
authors.lastname: Rentocchini
mesh_terms: D003042:Cocaine / Q000138:chemical synthesis / Q000191:economics* / Q000600:supply & distribution; D003105:Colombia; D003132:Commerce / Q000191:economics* / Q000331:legislation & jurisprudence; D003198:Computer Simulation; D003415:Crime / Q000191:economics* / Q000331:legislation & jurisprudence / Q000517:prevention & control; D004335:Drug and Narcotic Control / Q000331:legislation & jurisprudence; D033161:Government Regulation; D006801:Humans; D013287:Illicit Drugs / Q000138:chemical synthesis / Q000191:economics* / Q000331:legislation & jurisprudence / Q000600:supply & distribution; D007753:Laboratories / Q000191:economics* / Q000331:legislation & jurisprudence; D035846:Law Enforcement; D017059:Models, Econometric; D011640:Public Policy / Q000191:economics / Q000331:legislation & jurisprudence; D012044:Regression Analysis; D013997:Time Factors; D014186:Transportation / Q000191:economics
chemical_list: D013287:Illicit Drugs; D003042:Cocaine