Optimal Drug Policy in Low-Income Neighborhoods

Part of the debate over the control of drug activity in cities is concerned with the effectiveness of implementing demand- versus supply-side drug policies. This paper is motivated by the relative lack of research providing formal economic underpinning for the implementation of either policy. We construct a simple model of drug activity, in which the drug price and the distribution of population in a community are determined according to a career choice rule and a predetermined drug demand. Three potential government objectives are considered. We find that both demand- and supply-side policies have theoretical support under different community conditions. While the demand-side policy discourages active drug sellers, the supply-side policy has an additional drug-dealing replacement effect on inducing potential entry of drug dealers. In low-income neighborhoods, demand-side policy is more effective if the drug problem is more sever or if the government objective is to deter dealer entry or to promote community's aggregate income rather than minimizing active drug selling.

KS0−KL0K_S^0-K_L^0 Asymmetries and CPCP Violation in Charmed Baryon Decays into Neutral Kaons

We study the $K^0_S-K^0_L$ asymmetries and $CP$ violations in charm-baryon decays with neutral kaons in the final state. The $K^0_S-K^0_L$ asymmetry can be used to search for two-body doubly Cabibbo-suppressed amplitudes of charm-baryon decays, with the one in $\Lambda^+_c\to pK^0_{S,L}$ as a promising observable. Besides, it is studied for a new $CP$-violation effect in these processes, induced by the interference between the Cabibbo-favored and doubly Cabibbo-suppressed amplitudes with the neutral kaon mixing. Once the new CP-violation effect is determined by experiments, the direct $CP$ asymmetry in neutral kaon modes can then be extracted and used to search for new physics. The numerical results based on $SU(3)$ symmetry will be tested by the experiments in the future.Comment: 15 pages, 3 tables. Version published in JHE