Pricing In The Presence Of Illegal Markets
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Pricing In The Presence Of Illegal Markets
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Author : Thomas Adcock
language : en
Publisher:
Release Date : 2009
Pricing In The Presence Of Illegal Markets written by Thomas Adcock and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Black market categories.
Price Behavior In Illegal Markets
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Author : Susan Pozo
language : en
Publisher:
Release Date : 1996
Price Behavior In Illegal Markets written by Susan Pozo and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Business & Economics categories.
The author analyzes data for three areas – drugs, foreign exchange and labour and compares prices in illegal and legal markets.
Price Formation In Illegal Markets
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Author : Erick Limas
language : en
Publisher:
Release Date : 2018
Price Formation In Illegal Markets written by Erick Limas and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with categories.
This paper introduces a dynamical extension to the theoretical framework proposed by Slim (2009), where the author analyzes price formation in illegal markets. We develop a simple model with two regimes that can show a rich variety of dynamic behaviors, such as cyclical or even chaotic fluctuations without needing changes in exogenous variables. It is important to note that this analysis does not use random shocks to introduce irregular fluctuations; these arise because of the presence of intrinsic forces associated with nonlinear relations. This model can provide intuitions to explain price changes in illegal markets, particularly in drug ones, where price dynamics can become unpredictable given both the dangerous environment and the unequal degree of trust between the participants in these markets.
The Organization Of Illegal Markets
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Author : Peter Reuter
language : en
Publisher: University Press of the Pacific
Release Date : 2004-10-01
The Organization Of Illegal Markets written by Peter Reuter and has been published by University Press of the Pacific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-10-01 with Business & Economics categories.
It is widely believed that monopoly control, based on violence, corruption or risk-spreading, is characteristic of markets for illegal goods and services, such as marijuana and bookmaking. This essay examines the effects on the organization of a market arising from changing the status of a good or service from legal to illegal. In general, it can be shown that illegal enterprises are likely to be smaller than their legal counterparts. The most important reasons for this are the lack of external credit markets, itself a consequence of the non-existence of audited records, the lack of court enforceable contracts, and the need to restrict knowledge of participation in the enterprise. The inability to advertise or to create goodwill for the enterprise itself, as opposed to goodwill for its agents, is also significant. Corruption is likely to affect the organization of the market only under special circumstances, where there is a single agency which monopolizes enforcement. Though that condition held for most illegal markets thirty years ago enforcement now is fragmented and overlapping, which inhibits an agency from granting a monopoly franchise. The introduction of violence does not in general change this result. The use of violence to acquire market power can occur only where there is a ready focus for that violence. Most illegal markets lack either time or space consistency that would permit exclusion of competition. Some comments about the optimal use of violence are offered. The final section offers some analysis of the plausibility of using illegal market enforcement as an instrument of organized crime control. There have been systematic changes in the set of opportunities available to organized crime members; illegal markets no longer are so central to the power and income of organized crime. The shift from gambling to narcotics markets has also weakened the link between organized crime and illegal markets.
Illegal Markets And The Economics Of Organized Crime
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Author : Martin Bouchard
language : en
Publisher: Routledge
Release Date : 2013-09-13
Illegal Markets And The Economics Of Organized Crime written by Martin Bouchard and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-09-13 with Business & Economics categories.
This book showcases recent advances in the theoretical and empirical understanding of the economic aspects of organised crime and illegal markets. It provides new insights into defining and quantifying the influence of organised crime by drawing on innovative approaches to studying criminal networks and organisations such as the Hells Angels. The book includes analysis of the structure of illegal drug markets from international leaders in the field. Finally the text includes empirical case studies of the diverse markets where organised crime is currently active including the illegal market for crystal methamphetamine in Australia, tiger products in China and the falcon and fur trades in Russia. This book was based on a special issue of Global Crime.
The Architecture Of Illegal Markets
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Author : Jens Beckert
language : en
Publisher: Oxford University Press
Release Date : 2017-07-21
The Architecture Of Illegal Markets written by Jens Beckert and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-07-21 with Business & Economics categories.
From illegal drugs, stolen artwork, and forged trademarks, to fraud in financial markets - the phenomenon of illegality in market exchanges is pervasive. Illegal markets have great economic significance, have relevant social and political consequences, and shape economic and political structures. Despite the importance of illegality in the economy, the field of economic sociology unquestioningly accepts the premise that the institutional structures and exchanges taking place in markets are law-abiding in nature. This volume makes a contribution to changing this. Questions that stand at the centre of the chapters are: What are the interfaces between legal and illegal markets? How do demand and supply in illegal markets interact? What role do criminal organizations play in illegal markets? What is the relationship between illegality and governments? Is illegality a phenomenon central to capitalism? Anchored in economic sociology, this book contributes to the analysis and understanding of market exchanges in conditions of illegality from a perspective that focuses on the social organization of markets. Offering both, theoretical reflections and case studies, the chapters assembled in the volume address the consequences of the illegal production, distribution, and consumption of products for the architecture of markets. It also focuses on the underlying causes and the political and social concerns stemming from the infringement of the law.
The Economics Of Corruption And Illegal Markets
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Author : Gianluca Fiorentini
language : en
Publisher: Edward Elgar Publishing
Release Date : 1999
The Economics Of Corruption And Illegal Markets written by Gianluca Fiorentini and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Business & Economics categories.
Activities, law enforcement and deterrence policies, and deterrence policies against corruption. Volume III addresses the underground economy, victimless activities and illegal markets, the economics of organized crime, and the market for drugs and public policy. The set lacks a subject index. Editors Fiorentini and Zamagni are professors of economics at the U. of Bologna. Annotation copyrighted by Book News, Inc., Portland, OR.
The New Palgrave Dictionary Of Economics
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Author :
language : en
Publisher: Springer
Release Date : 2016-05-18
The New Palgrave Dictionary Of Economics written by and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-05-18 with Law categories.
The award-winning The New Palgrave Dictionary of Economics, 2nd edition is now available as a dynamic online resource. Consisting of over 1,900 articles written by leading figures in the field including Nobel prize winners, this is the definitive scholarly reference work for a new generation of economists. Regularly updated! This product is a subscription based product.
Maximum Price Regulations And Resulting Parallel And Black Markets
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Author : Michael Dell
language : en
Publisher:
Release Date : 1994
Maximum Price Regulations And Resulting Parallel And Black Markets written by Michael Dell and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Business & Economics categories.
Stalin S Economist
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Author : André Mommen
language : en
Publisher: Routledge
Release Date : 2011-04-06
Stalin S Economist written by André Mommen and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-04-06 with Business & Economics categories.
This book analyses the contribution of Eugen (Jenő) Varga (1879-1964) on Marxist-Leninist economic theory as well as the influence he exercised on Stalin’s foreign policy and through the Comintern on the international communist movement. During the Hungarian Councils’ Republic of 1919 Varga was one of those chiefly responsible for transforming the economy into one big industrial and agrarian firm under state authority. After the fall of the revolutionary regime that year, Varga joined the Hungarian Communist Party, soon after which, he would become one of the Comintern’s leading economists, predicting the inevitable crisis of the capitalist system. Varga became the Soviet Union’s official propagandist. As an economic specialist he would advise the Soviet government on German reparation payments and, unlike Stalin, believed that the capitalist state would be able to plan post-war economic recovery, which contradicted Stalin’s foreign policy strategy and led to his disgrace. Thus by the beginning of the Cold War in 1947, Varga was discredited, but allowed to keep a minor academic position. After Stalin’s death in 1953 he reappeared as a well-respected economist whose political influence had nonetheless waned. In this study Mommen reveals how Stalin’s view on international capitalism and inter-imperialist rivalries was profoundly influenced by debates in the Comintern and by Varga’s concept of the general crisis of capitalism. Though Stalin appreciated Varga’s cleverness, he never trusted him when making his strategic foreign policy decisions. This was clearly demonstrated in August 1939 with Stalin’s pact with Hitler, and in 1947, with his refusal to participate in Marshall’s European Recovery Plan. This book should be of interest to a wide variety of students and researchers, including those concentrating on the history of economic thought, Soviet studies, international relations, and European and Cold War history.
