Extralegal Governance

Nyhet

The Social Order of Illegal Markets in China

Inbunden, Engelska, 2025

Av Peng Wang, Wanlin Lin, Peng (University of Hong Kong) Wang, Wanlin (Sun Yat-sen University) Lin

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Drawing on insights from sociology and new institutional economics, Extralegal Governance provides the first comprehensive account of China's illegal markets by applying a socio-economic approach. It considers social legitimacy and state repression in examining the nature of illegal markets. It examines how power dynamics and varying levels of punishment shape exchange relationships between buyers and sellers. It identifies context-specific risks and explains how private individuals and organizations address these risks by developing extralegal governance institutions to facilitate social cooperation across various illegal markets. Adopting a multiple-case study design to sample China's illegal markets, this book utilizes four cases - street vending, small-property-rights housing, corrupt exchanges, and online loan sharks - to examine how market participants foster cooperation and social order in illegal markets.

Produktinformation

Utgivningsdatum2025-09-25
Mått161 x 235 x 21 mm
Vikt446 g
FormatInbunden
SpråkEngelska
SerieCambridge Studies in Economics, Choice, and Society
Antal sidor228
FörlagCambridge University Press
ISBN9781009622141

Tillhör följande kategorier

Makroekonomi inom Ekonomi och ledarskap
Ekonomisk politik inom Ekonomi och ledarskap

Peng Wang is Associate Professor in the Department of Sociology, the University of Hong Kong. He is the author of The Chinese Mafia: Organized Crime, Corruption and Extralegal Protection (2017). His research interests include organized crime, illegal markets, corruption, economic sociology, bureaucracy, and governance. Wanlin Lin is Associate Professor at the School of Law, Sun Yat-sen University, Guangzhou, China. Her current research applies institutional economics, law and economics, and game theory to study informal property rights, illegal markets, knowledge governance in China, and interactions between formal and informal institutions.