ECONOMICS OF ILLICIT BEHAVIORS: EXCHANGE IN THE INTERNET WILD WEST

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dc.contributor.advisorStratmann, Thomas
dc.contributor.authorNorgaard, Julia
dc.creatorNorgaard, Julia
dc.date.accessioned2018-10-21T19:17:20Z
dc.date.available2018-10-21T19:17:20Z
dc.date.issued2017
dc.description.abstractThe first paper is an analysis of the role reputation plays in the Deep Web using data from the Internet black market site, The Silk Road. This encrypted online marketplace employed crypto currency and functioned over the Tor network. Utilizing a modeling technique, informed by trade auction theory, we investigate the effect of seller reputation. Analysis of the seller’s reputation gives us insights into the factors that determine the prices of goods and services in this black marketplace. Data on cannabis listings is parsed from the Silk Road website and covers an 11-month time period, from November 2013 to October 2014. This data demonstrates that reputation acts as a sufficient self-enforcement mechanism to allow transactions. These findings exemplify the robustness of spontaneous order with respect to the Deep Web as an emergent marketplace.
dc.format.extent160 pages
dc.identifier.urihttps://hdl.handle.net/1920/11145
dc.language.isoen
dc.rightsCopyright 2017 Julia Norgaard
dc.subjectEconomics
dc.subjectBitcoin
dc.subjectCryptomarkets
dc.subjectPrivate Governance
dc.subjectReputation
dc.titleECONOMICS OF ILLICIT BEHAVIORS: EXCHANGE IN THE INTERNET WILD WEST
dc.typeDissertation
thesis.degree.disciplineEconomics
thesis.degree.grantorGeorge Mason University
thesis.degree.levelPh.D.

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