Anyone have a good read on the sociology of gray/black markets?
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My experience of them is very limited, but every exposure leaves me with a very bad taste in my mouth. Incredibly sketchy characters who seem to start at 10x used car salesman as a baseline.
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Nikos Passas’ collection of essays on transnational financial crime has several good essays that touch on it. The book is expensive so I would get it off libgen, which you can count as research.
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try Radford's "the economic organisation of a POW camp" from 1945 – a classic
homepage.ntu.edu.tw/~yitingli/file
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From my experience sleaziness is predetermined
1. high risk trade
-> must extract highest reward
2. No repeat purchase
-> no feedback loop -> free cheating
3. Asymmetrical information and skills
-> cheat enablers
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Extreme Economies by Richard Davies has interesting insights on how these systems emerge.
Another but in a different way is Anarchy Unbound by Peter Leeson
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Everything Nancy Sheper-Hughes has written on the black-market organ trade.
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