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Keyword: black market

Excess Demand Blues - Scalpers profit from ticket shortage (2/23/2004)

Excess demand generated by low concert ticket price created profitable opportunity for scalpers.

Keywords: black market, concert, excess demand, market clearing, scalper, scalping, shortage, ticket price

Rent Ceiling (8/31/2000)

Rent control in Boston, MA has led to most apartments charging rent right up to the price ceiling. The effective rent is actually higher if under-the-table payments are included.

Keywords: apartments, black market, Boston, equilibrium price, price ceiling, rent ceiling, rent control, shortage, under-the-table payment