Forbidden Transactions and Black Markets

DOI10.1287/MOOR.2021.1236zbMATH Open1505.91270OpenAlexW4210537913WikidataQ113265871 ScholiaQ113265871MaRDI QIDQ5870367FDOQ5870367

Authors Chenlin Gu, Alvin E. Roth, Qingyun Wu 

Publication date 9 January 2023

Published in Mathematics of Operations Research (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1287/moor.2021.1236

zbMATH Keywords

martingaleMarkov processesprobabilityblack marketrepugnance

Mathematics Subject Classification ID

Sums of independent random variables; random walks (60G50) Continuous-time Markov processes on general state spaces (60J25) Martingales with continuous parameter (60G44) Stochastic models in economics (91B70)

Recommendations

• Efficient dark markets
• Unintended consequences of enforcement in illicit markets
• Currency restrictions, government transaction policies and currency exchange
• Forbidden information
• Noncooperative exchange using money and broker-dealers
• Chaos in East European black market exchange rates
• Liquidity Black Holes *
• Corruption and auctions

Cites work

• scientific article; zbMATH DE number 46732 (Why is no real title available?)
• scientific article; zbMATH DE number 1245556 (Why is no real title available?)
• A Stochastic Approximation Method
• A simple urn model
• A strong law for some generalized urn processes
• A survey of random processes with reinforcement
• Brownian motion martingales and stochastic calculus
• Embedding of Urn Schemes into Continuous Time Markov Branching Processes and Related Limit Theorems
• Nonconvergence to unstable points in urn models and stochastic approximations
• On Cumulative Sums of Random Variables
• Probability
• Some Results on Multitype Continuous Time Markov Branching Processes

Cited in

(1)

• Unintended consequences of enforcement in illicit markets

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