Price Behavior in Illegal Markets

May Contain Markup

By Susan Pozo

Types of Underground Economy: The underground economy includes unrecorded legal activities,illegal activities, and uncompensated legal activities.

Measurement Methods: Various methods are used to estimate the sizeof the underground economy, such as the income-expenditure approach,tax compliance studies, and labor market studies.

Illegal Markets: The document discusses the price behavior in illegal markets, including drug markets and black markets in foreign exchange.

Illegal Immigration: It covers the geographic distribution,wage volatility, and exploitation of illegal immigrants.

Avebury, 1996, 103 pages