

Black Market Economics - What Drives the Underground Economy?
Sep 7, 2020
Exploring the size and impact of the underground economy, including counterfeit goods, illegal substances, and regulatory challenges. Discussing the formation and negative impact of black markets, as well as the consequences of illegal labor and alternative approaches to participating in the black market.
Chapters
Transcript
Episode notes
1 2 3 4 5
Introduction
00:00 • 2min
Exploring the Black Market and Regulatory Rigidities
01:54 • 3min
Counterfeit Goods, Government Regulations, and Price Intervention
05:08 • 4min
The Formation and Impact of Black Markets
09:08 • 5min
The Impact of Illegal Labor and Alternative Strategies in the Black Market
14:02 • 3min