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Black Markets

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lightbulbAbout this topic
Black markets refer to economic activities that occur outside government-sanctioned channels, involving the illegal trade of goods and services. These markets often arise in response to regulations, prohibitions, or high taxation, facilitating transactions that evade legal oversight and taxation.
lightbulbAbout this topic
Black markets refer to economic activities that occur outside government-sanctioned channels, involving the illegal trade of goods and services. These markets often arise in response to regulations, prohibitions, or high taxation, facilitating transactions that evade legal oversight and taxation.

Key research themes

1. How do cryptomarkets transform traditional drug market violence and trust dynamics?

This research area investigates the extent to which cryptomarkets, relying on anonymizing technologies and cryptocurrencies, affect the incidence of violence and the establishment of trust in illicit drug transactions compared to traditional physical drug market structures. Understanding this is crucial as it offers insights into how digital drug markets may reduce systemic violence and reshape economic and social relations among participants.

Key finding: Cryptomarket users report substantially lower rates of threats (3%) and physical violence (1%) compared to sourcing drugs through friends (14%; 6%), known dealers (24%; 10%), or strangers (35%; 15%), suggesting cryptomarkets... Read more
Key finding: Cryptomarkets function as 'anonymous open' markets allowing unknown vendors and buyers to transact securely and anonymously across locales, significantly enhancing the diffusion of drugs including via wholesale transactions,... Read more
Key finding: In cryptomarkets operating on the anonymous Tor network, sellers’ reputation and capacity (measured by sales potential) positively correlate with higher daily drug sales, illustrating how online reputation systems substitute... Read more
Key finding: Cryptomarket actors increasingly use encrypted messaging applications for 'direct dealing' beyond platform protocols, mainly when trust is pre-established or during law enforcement pressures, reflecting adaptations to balance... Read more

2. What socio-economic structures and trust mechanisms underlie illicit drug market pricing and supply chains?

This theme examines how economic sociology, social embeddedness, and network relations influence pricing strategies and value distribution in illicit drug markets, including the role of institutional constraints, social networks, and cultures in stabilizing these illicit markets despite inherent risks, uncertainty, and absence of legal contracts.

Key finding: Applying social embeddedness theory, this study reveals that illicit drug market participants reduce uncertainty from illegality through trust built in long-term interpersonal relations and personalized networks, which... Read more
Key finding: Through interviews with 68 incarcerated drug dealers, the study finds that illicit drug prices are socially constructed, influenced by institutional constraints (e.g., policing), trust networks that enable non-competitive but... Read more
Key finding: The Moroccan-European hashish supply chain shows a highly uneven value contribution, with end-user prices increasing by approximately 7000% from production cost, reflecting the role of institutional risks, disruptions by law... Read more
Key finding: Modeling illicit drug markets as vertically organized networks with risk-related transaction costs, the study shows that intensified law enforcement may paradoxically increase supply and reduce prices due to strategic... Read more

3. What drives consumer participation and challenges in informal and illicit economies beyond price incentives?

This research area explores the characteristics, motives, and socio-economic impacts of consumers and traders involved in informal and illicit markets (e.g., informal street trading, black markets), investigating multi-dimensional drivers beyond price—including social ends, market failures, and precarity—as well as the role of such markets in local economies and broader socio-economic systems.

Key finding: Systematic review reveals that consumer motives for purchasing in the informal economy are multifaceted, encompassing financial gain, social ends, and responses to failures in formal market provision; moreover, consumers are... Read more
Key finding: During Zimbabwe's hyperinflation crisis, certain black market dealers materially profited by trading in scarce commodities and foreign currency, demonstrating how informal economies can operate as speculative ventures... Read more
Key finding: Informal street traders significantly contribute to local economic development by providing income and employment, yet face critical challenges including lack of finance, infrastructure, and skills; this underscores the dual... Read more
Key finding: Analysis across Bolivia, Myanmar, Colombia, and Afghanistan reveals that illicit crop markets, contrary to being solely disorderly, can stimulate productivity and reduce precarity by generating returns that hedge economic and... Read more

All papers in Black Markets

The site of Apulum I, Colonia Aurelia Apulensis was impacted by public infrastructure works in the modern city of Alba Iulia, carried out during 2023. Here, during an archaeological supervision on Regimentul V Vânători Street, no. 88, in... more
Durante la guerra civil española el acceso a los alimentos comunes se convirtió en un reto cotidiano para la mayoría de las familias del territorio republicano. El estado de escasez y de conflicto forzó un proceso de resignificación del... more
The paper provides results of an analysis of character of smooth barrel bore wear of the T-72 tank, a combat vehicle that remains in service with a number of armed forces throughout the world. The BG20 MkII Gun Barrel Bore Gauge system... more
Since the rise of the Islamic State of Iraq and Syria (ISIS, also known as Daesh and ISIL) in 2014, antiquities have been a widely publicized source of funding for what has become one of the most technologically savvy terrorist... more
The increasing need for safe and reliable firearm storage within vehicles has led to the development of various solutions such as vehicle safes, car gun safes, under seat gun safes, and truck console safes. This paper investigates the... more
Text from the research team “Media & Play,” conducted as part of the project "Gender Discrimination and Childhood: The Child as a Sender and Receiver of Gender-Related Messages." The study consists of two parts. The first examines the... more
Η παρούσα εργασία εξετάζει τον τρόπο με τον οποίο σχετίζεται η φαντασία του Ρώσου συγγραφέα Γιεβγκένι Ζαμιάτιν, όπως αυτή καταγράφεται στα 1920 στο αντιουτοπικό του μυθιστόρημα "Εμείς", με το ιστορικό περιβάλλον μέσα στο οποίο αυτή η... more
This essay discusses 'social capacity' and strategies for obtaining it. The objective of this 'capacitance' is independence. It can be seen as a motive force behind 'self-actualization' as well as at a more parochial level,, the... more
Tinashe Nyamunda analyses the Reserve Bank of Zimbabwe’s efforts to address the liquidity shortage in the country.
During the judicial actions, generically known as the Dacian Gold Files, the investigators faced, very often, incredibly unusual situations, unexpected, even paradoxical, which accumulated aspects that showed the absurd and the ludicrous,... more
Digital terrorist financing represents a significant and evolving threat, leveraging emerging technologies to facilitate the funding of terrorist activities globally. This research examines the mechanisms, methodologies, and regulatory... more
Este artículo tiene como objetivo examinar el panorama de la investigación histórica en España en el contexto de los estudios sobre la escasez y el abastecimiento durante la Guerra Civil, dentro del marco más amplio de la investigación... more
Resumen: Con el presente artículo pretendemos abordar, desde planteamientos novedosos, el estudio de las actitudes sociales que contribuyeron a la edificación y el sostenimiento de la dictadura franquista. Centraremos nuestra atención en... more
Although speculative activity is central to black markets for currency, the out-ofsample performance of structural models in those settings is unknown. We substantially update the literature on empirical determinants of black market rates... more
El 3 de octubre de 1938 doce aviones sublevados bombardearon las calles de Madrid. Esta vez no caían obuses, sino bolsas con pan blanco que decían "En la España Nacional, «Una, Grande y Libre», no hay un hogar sin lumbre ni una familia... more
Thanks to the dark web, the digital black market has grown to become a sizable underground economy with far-reaching socioeconomic effects. This study examines the detailed effects of the illegal digital market on international economies,... more
This article studies the daily, individual and subjective practices towards the misery of the postwar period (1939-1952). The objective is, first, to analyse the popular responses to hunger within and outside Franco’s autarkic legality.... more
Given the complicated transition in which post communist countries have been going through during their rapid development, it is important to make sure that concerns of the weakest part of these societies are taken into consideration and... more
Article 17-Withdrawal A Party may withdraw from this Convention by submitting written notification to the Depositary. Such withdrawal shall be effective one year after the date of the receipt of the notification. After withdrawal,... more
Available online at https://www.smallarmssurvey.org/resource/weapons-compass-caribbean-firearms-study The Caribbean region suffers from some of the world’s highest rates of violent deaths, with firearms used in the majority of these... more
3D-printed firearms, an emerging category of privately made firearms (PMF) produced beyond government control, have become increasingly prevalent due to technological advancements. They are now emerging as a cost-effective and reliable... more
Resumen: Con el presente artículo pretendemos abordar, desde planteamientos novedosos, el estudio de las actitudes sociales que contribuyeron a la edificación y el sostenimiento de la dictadura franquista. Centraremos nuestra atención en... more
Resumen: A comienzos de los años cincuenta, la situación socioeconómica de la España de Franco no había mejorado mucho a pesar de que la hambruna ya había pasado. La autarquía derivó en una escasez continua, que provocó hartazgo y... more
Queridísimo Caudillo… investiga la huella de la guerra civil sobre la cotidianidad de la población hasta el fin del racionamiento, en los años de la autarquía. el objetivo es analizar las continuidades en lo cotidiano entre la guerra y la... more
Atena Editora
Weapons Ban exerted a spillover on gun supply in Mexican municipios near Texas, Arizona, and New Mexico, but not near California, which retained a pre-existing state-level ban. We find first that Mexican municipios located closer to the... more
The darknet is a hidden segment of the Internet and is often associated with illicit activities, owing to its promise of anonymity. This clandestine cyber realm has found favour among terrorists who exploit its features to conduct diverse... more
The paper describes sniper rifles and optical sights in use in the Serbian Armed Forces. For the purpose of possible design of an optical sight that would meet modern technical and technological standards and needs of the Serbian Armed... more
Firearm shooting simulators are effective means for training the personnel in armed forces, police and shooting athletes. Shootereweapon is a complex biomechanical system, therefore the best training quality is achieved when the process... more
A firearm generates complex phenomena in muzzle flow and modelling the flow field around the projectile has great importance on high-intensity noise prediction. The negative effects of noise can be reduced using a suppressor which can be... more
Zimbabwe's economy generates a large amount of foreign currency from a number of sources but the country is nevertheless experiencing a serious foreign exchange crisis. In spite of substantial forex revenues, the country is plagued by... more
Sometimes the firearm forensic examiner is required to provide information useful to discriminate between suicide, homicide or accident, or between contradictory reconstructions of the events (like attempted murder versus accidental... more
This doctoral thesis studies the supply of the Republican rearguard during the Civil War from the definition of the conflict as an example of total war. It analyses shortages as a global and transversal element at all levels of the war... more
The paper presents a numerical analysis, using the finite element method, for the case of static and dynamic loading of the upper carriage of the remote-controlled combat station, due to the recoil force generated by the operation of the... more
The paper presents a numerical analysis, using the finite element method, for the case of static and dynamic loading of the upper carriage of the remote-controlled combat station, due to the recoil force generated by the operation of the... more
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