structural role here. Instead, it can help to signal problems, establish principles and guard boundaries. Regulation and …

We study the investment of organized crime in the legal economy. By using the shock induced on the Italian credit … market by the 2007 subprime mortgage crisis, we document how provinces with a high organized crime presence have been …. We provide evidence that the lower impact of the crisis is consistent with the presence of investments by organized crime …

We study the investment of organized crime in the legal economy. By using the shock induced on the Italian credit … market by the 2007 subprime mortgage crisis, we document how provinces with a high organized crime presence have been …. We provide evidence that the lower impact of the crisis is consistent with the presence of investments by organized crime …

organized crime. Although criminal organizations are largely detrimental for local economic conditions, their economic activity …

information of the merged firm. The optimal merger policy trades off potential cost savings against regulatory distortions from … market induces a more lenient merger policy. The regulated firms' diversification into a competitive segment of the market … can lead to a softer merger policy when competition is weaker. …

mechanism and Shleifer's yardstick Regulation. Unfortunately, in practical applications of these simple mechanisms the regulated … regulator must be extremely well-informed if he wants to apply this sort of regulation: except for the actual realizations of a … regulated public utility. This is the main reason why in practice the simple $RPI - X$ regulation prevails. Finally, in this …