Questions tagged [black-market]

The black economy (conducted on the black market) is part of the economy that is illegal not merely because it is not taxed but also because it is considered damaging by society.

Filter by
Sorted by
Tagged with
3
votes
0answers
38 views

Theoretical models of copyright infringement and efficiency implications

I wanted to know if there are theoretical models of copyright infringement and what are their implications for efficiency in the market and also, if possible, any empirical support they have. When I ...
1
vote
0answers
23 views

How important are new guns to organized crime in North America?

I keep reading two things (I can provide examples if needed). They both seem true to me and it also seems like most people agree with them. There are tons and tons of guns in North America (example). ...
-4
votes
2answers
98 views

Can structural unemployment be caused by regulations/laws of the government?

I think yes. Is my reasoning correct? The reasoning: Suppose, for an example, that prostitution was legal, but then the State changed its laws and criminalized prostitution. Has the State created ...
2
votes
1answer
202 views

Why is the cash in circulation on the rise in rich countries?

The amount of cash in circulation is on the rise in rich countries (US, EU, etc; except the cashless economy, Sweden). In the digital era, isn't this phenomenon contradictional? For example, here's ...
0
votes
2answers
28 views

How exactly does the black market affect a country's economy?

Disclaimer: I'm far from an expert on economics. I apologize if the question seems poorly asked or not clear. Take for example the drug trafficking business and cartels in the past. It seems to me ...
1
vote
2answers
66 views

Which part of the market value a thief can expect to get for the stolen item?

If a thief steals an item to make money from it, which percent of the legal market value the thief typically gets? For instance, if the thief steals a bike that costs $1000 new in the shop, how much ...
3
votes
1answer
196 views

Analyzing Farm Bureau's claim that milk prices would double at the retail level if all the illegals were deported

A 2015 article on the Farm Bureau's website states: Half of all workers on U.S. dairy farms are immigrants, and the damage from losing those workers would extend far beyond the farms, nearly ...
2
votes
0answers
35 views

What could cause the spike in the Venezuelan unofficial currency exchange?

In November last year the unofficial currency exchange rate in Venezuela skyrocketed. It was only one month later that the government was able to slow the increase rate to “normal” values. The ...
4
votes
3answers
969 views

Is craigslist part of the Shadow Economy?

Is craigslist part of the Shadow Economy? Many if not most of the purchases that take place there are done without taxation.