Review of Behavioral Economics > Vol 7 > Issue 3

Overcoming Anonymity: How Darknet Markets Provide Private Governance to Enable Encrypted and Anonymous Exchange

Julia R. Norgaard, Pepperdine University, USA, julia.norgaard@pepperdine.edu
 
Suggested Citation
Julia R. Norgaard (2020), "Overcoming Anonymity: How Darknet Markets Provide Private Governance to Enable Encrypted and Anonymous Exchange", Review of Behavioral Economics: Vol. 7: No. 3, pp 271-298. http://dx.doi.org/10.1561/105.00000125

Publication Date: 10 Aug 2020
© 2020 J. R. Norgaard
 
Subjects
Public Economics,  Law and Economics: Crime,  Economics: Government
 
Keywords
JEL Codes: D02K42L86
Anonymitydarknettrustreputationself-enforcing exchange
 

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In this article:
1. Introduction
2. The Darknet
3. A Model of the Darknet
4. Case Studies
5. Conclusion
References

Abstract

This paper examines how platform providers on the darknet, one of the world’s largest international markets for illicit goods and services, enable buyers and sellers to overcome the problems anonymity poses to exchange. These online markets allow users to repeatedly exchange in an environment with no third-party enforcement while keeping their identity concealed from law enforcement.

DOI:10.1561/105.00000125