Competition and Illicit Quality

Along U.S.-Mexico Border, a Torrent of Illicit Cash
By JAMES C. McKINLEY Jr. and MARC LACEY
As the U.S. has clamped down on sophisticated money-laundering schemes, drug money is being smuggled the old-fashioned way.

Working paper: Competition and Illicit Quality
Download the PDF. This paper examines the impact of competition on the vehicle emissions testing market, and finds that firm misconduct increases with competitive pressure and the threat of losing customers to rival firms.


il·lic·it (ĭ-lĭs'ĭt)

adj.

1. Not sanctioned by custom or law; unlawful.
2. Linguistics. Improperly formed; ungrammatical.

[Latin illicitus : in-, not; see in-¹ + licitus, lawful; see licit.]

[形]禁制の, 是認されない, 無免許の；不法［違法］の

illicit liquor
密造酒

illicit intercourse
姦通(かんつう), 不義.

illicitly il·lic'it·ly adv.
illicitness il·lic'it·ness n.