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K
Kenneth E. Boulding
The greater the penalties laid on sellers in the black...
The greater the penalties laid on sellers in the black market... the higher the black market price.
Kenneth E. Boulding
Black
,
Penalties
,
Higher
"A Note on the Theory of the Black Market" by Kenneth E. Boulding in "The Canadian Journal of Economics and Political Science", Volume 13, No. 1 (pp. 115-118), www.jstor.org. February 1947.
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