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