Organization of Illegal Markets

It is widely believed that monopoly control, based on violence, corruption or risk-spreading, is characteristic of the black market in illegal goods & services, such as marijuana & bookmaking. This book refutes that notion, & shows that illegal enterprises are likely to be smaller than their legal counterparts. Corruption is likely to affect the organization of the market only under special circumstances, where there is a single agency, which monopolizes enforcement. A fascinating & iconoclastic look at the black market - which reveals more competition than generally exists in legal markets.Reuter, Peter is the author of 'Organization of Illegal Markets' with ISBN 9780915179343 and ISBN 0915179342.