CORDIS Project
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This project aims to develop a theory of competitive dynamics in the informal economy, particularly focusing on illegal pharmaceutical sales. It explores how perceptions of legitimacy affect market entry, pricing, and product quality in this sector.
This project aims to develop a competitive dynamics theory of the informal economy, which is currently lacking in academic research.
Specifically, this project will adopt an institutional theory perspective to better understand three fundamental outcomes in the informal economy: market entry (illegal businesses’ decision to be active in a specific niche), price competition (price differentials between legal and illegal products), and product quality (quality of products sold in illegal businesse…
INSTITUTO DE EMPRESA SL
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