We examine how market structure and enforcement affect smuggling and welfare in a model where smuggling is camouflaged … by legal sales. Conditions are given for when some, but not necessarily all, firms smuggle. With camouflaging, the market …

This paper characterizes the effects of market size on the size distribution of establishments for thirteen retail …, and in four industries the dispersion of establishment sizes depends on market size. Models of competition in which … competition is tougher in larger markets can reproduce the positive effect of market size on establishments' average size …

We develop an equilibrium model of ticket resale in which buyers' decisions in the primary market, including costly … efforts to "arrive early" to buy underpriced tickets, are based on rational expectations of resale market outcomes. We … the resale market …

Economists argue that rich information environments and formal enforcement of contracts are necessary to prevent market … asymmetric information by estimating the value of information in an illegal market with a particularly rich information structure …: the online market for male sex work. We assemble a rich dataset from the largest and most comprehensive online male sex …

dumping is not a market activity and cannot be taxed directly, but it can be discouraged indirectly by a system with a tax on …

; and ii) black-market exchange rates on dollar-ruble trade. We ask whether the flexible-rate system, as implemented, was … a level initially equal to the black-market exchange rate. This peg persisted until the end of 1991, when government … sample, patterns in black-market exchange rates contrasted sharply with those of the auction rates. Black-market rates …