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A Note on Corruption by Public Officials: The Black Market for Property Rights

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Tags Free MarketsInterventionismPrivate Property

07/30/2014Bruce L. Benson

Illegal activities in the private sector arise because the market mechanism is not allowed to perform its allocative functions. Often when government action creates a shortage by preventing the sale of a good or service at a freely determined market price, there are some individuals in the private sector who are willing to both buy and sell on the black market.

Volume 5, Number 3 (1981)

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Benson is DeVoe L. Moore Professor and Distinguished Research Professor in Florida State University's Department of Economics.

Cite This Article

Benson, Burce L. "A Note on Corruption by Public Officials: The Black Market for Property Rights." Journal of Libertarian Studies 5, No. 3 (1981): 305–311.

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