We provide an extensive analysis of the Deep Web, using data from the Silk Road which is an encrypted online marketplace that employs crypto currency and functions over the Tor network. Utilizing a modeling technique that is suggested by trade auction theory where parties, buyers and sellers...

Criminal organizations are frequently organized monopolistically and hierarchically. This is puzzling given the greater vulnerability of centrally organized firms to law enforcement: a loose and atomistic market would seem more appropriate to the legal constraints on operation. We argue that, in...