Tags » Black Markets

The Benefits Of Corruption

Of course, we all know corruption at every level, taken on aggregate, is an economic bad. For instance, the corrupters can reduce foreign direct investment (FDI) as nobody wants to invest in a country where their hard work could be undermined by nefarious individuals, in turn harming the long-term economic performance of that nation. 1,186 more words


Millennials: The Problem of the Black Economy in the Technologist Era

Millennials: A demographic cohort, often used for those born in birth years around the early 2000s, that has always lived in a world with accessible information technology. 1,231 more words


Study Finds Global Legalization Trial Escalates Elephant Poaching

Two researchers who examined elephant poaching data and the ivory trade say policymakers who consider legalizing some illicit trade may be relying on a faulty theory that legalization makes black markets collapse. 861 more words

Breaking News

Repugnant markets and the demand and supply for counterfeit legal ivory

A huge legal sale of ivory in 2008 backfired. Instead of crashing the price of ivory and undermining poaching, poaching exploded in East Africa. It increased by 65%. 272 more words

Applied Price Theory