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In the shadow illegal markets and economic sociology

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  • Beckert, Jens
  • Wehinger, Frank

Abstract

Illegal markets differ from legal markets in many respects. Although illegal markets have economic significance and are of theoretical importance, they have been largely ignored by economic sociology. In this article we propose a categorization for illegal markets and highlight reasons why certain markets are outlawed. We perform a comprehensive review of the literature to characterize illegal markets along the three coordination problems of value creation, competition, and cooperation. The article concludes by appealing to economic sociology to strengthen research on illegal markets and by suggesting areas for future empirical research.

Suggested Citation

  • Beckert, Jens & Wehinger, Frank, 2011. "In the shadow illegal markets and economic sociology," MPIfG Discussion Paper 11/9, Max Planck Institute for the Study of Societies.
    • Handle: RePEc:zbw:mpifgd:119
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    Cited by:

    1. Mayntz, Renate, 2016. "Illegal markets boundaries and interfaces between legality and illegality," MPIfG Discussion Paper 16/4, Max Planck Institute for the Study of Societies.
    2. Dewey, Matías, 2014. "Taxing the shadow: The political economy of sweatshops in La Salada, Argentina," MPIfG Discussion Paper 14/18, Max Planck Institute for the Study of Societies.
    3. Dewey, Matías, 2016. "Porous borders: The study of illegal markets from a sociological perspective," MPIfG Discussion Paper 16/2, Max Planck Institute for the Study of Societies.
    4. Kosals, Leonid & Dubova, Anastasia, 2012. "Commercialization of police and shadow economy: The Russian case," economic sociology. perspectives and conversations, Max Planck Institute for the Study of Societies, vol. 13(2), pages 21-28.
    5. Dewey, Matías, 2014. "Crisis and the emergence of illicit markets: A pragmatist view on economic action outside the law," MPIfG Discussion Paper 14/6, Max Planck Institute for the Study of Societies.
    6. Zoya Kotelnikova, 2014. "Consumption Of Counterfeit Alcohol In Contemporary Russia: The Role Of Cultural And Structural Factors," HSE Working papers WP BRP 47/SOC/2014, National Research University Higher School of Economics.
    7. Svetlana Barsukova & Vadim Radaev, 2012. "Informal Economy in Russia: A Brief Overview," Journal of Economic Sociology, National Research University Higher School of Economics, vol. 13(2), pages 99-111.
    8. Müller, Juliane, 2017. "La regulación del comercio en Bolivia: de la economía informal al mercado extralegal," Revista Latinoamericana de Desarrollo Economico, Carrera de Economía de la Universidad Católica Boliviana (UCB) "San Pablo", issue 28, pages 119-134, December.
    9. Reurink, Arjan, 2016. "From elite lawbreaking to financial crime: The evolution of the concept of white-collar crime," MPIfG Discussion Paper 16/10, Max Planck Institute for the Study of Societies.

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