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Overcoming Anonymity: How Darknet Markets Provide Private Governance to Enable Encrypted and Anonymous Exchange

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  • Norgaard, Julia R.

Abstract

This paper examines how platform providers on the darknet, one of the world’s largest international markets for illicit goods and services, enable buyers and sellers to overcome the problems anonymity poses to exchange. These online markets allow users to repeatedly exchange in an environment with no third-party enforcement while keeping their identity concealed from law enforcement.

Suggested Citation

  • Norgaard, Julia R., 2020. "Overcoming Anonymity: How Darknet Markets Provide Private Governance to Enable Encrypted and Anonymous Exchange," Review of Behavioral Economics, now publishers, vol. 7(3), pages 271-298, August.
  • Handle: RePEc:now:jnlrbe:105.00000125
    DOI: 10.1561/105.00000125
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    More about this item

    Keywords

    Anonymity; darknet; trust; reputation; self-enforcing exchange;
    All these keywords.

    JEL classification:

    • D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact
    • K42 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Illegal Behavior and the Enforcement of Law
    • L86 - Industrial Organization - - Industry Studies: Services - - - Information and Internet Services; Computer Software

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