Thursday, February 12, 2015

Economics of illegal markets

Briefly explain why you are interested in studying your topic: With many unique variables, illegal drug trade is still surprisingly similar to national corporations and businesses.  I'm curious to find out more about the similarities and differences between the two.  

The Overall Question: What helps construct the economics of illegal drug markets? How does this compare to legit business?

Sub-Q's: Anything along the lines of: types of goods? how money is tracked? how labor is organized? factors of production? is there a correlation between supply and demand, price etc.? scams? other unique factors that affect the illegal markets?

Plan of Research: Freakenomics, Sudhir Venkatesh

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