As international trade has expanded dramatically in the postwar period--an expansion accelerated by the opening of China, Russia, India, and Eastern Europe--illicit international trade has grown in tandem with it. This volume uses the economist's toolkit to examine the economic, political, and...

Intro -- Contents -- Series Foreword -- Contributors -- Chapter 1. Introduction -- Chapter 2. Purity, Price, and Production: Are Drug Markets Different? -- 2.1 Introduction -- 2.2 Motivation -- 2.3 Risks and Prices -- 2.4 Some Puzzles -- 2.5 Participant Characteristics, Market Outcomes, and...