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This chapter explores the intricate relationship between efficiency, economic and political institutions, and market dynamics, analyzing how political structures shape economic outcomes. Some institutions foster productive organizations and competitive markets, while others perpetuate inefficiency, encourage rent-seeking, and fuel black market expansion.

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Institutions, Politics, Market Failures and the Tobacco Economy: The Intersection of Legal and Illegal Markets

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  • 发表日期：

    2025年

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  • Mazen Abboud

摘要

This chapter explores the intricate relationship between efficiency, economic and political institutions, and market dynamics, analyzing how political structures shape economic outcomes. Some institutions foster productive organizations and competitive markets, while others perpetuate inefficiency, encourage rent-seeking, and fuel black market expansion.