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We analyze the economic consequences on firm profitability, performance, and investments of having another firm in the same market affiliated with a criminal organization. We do so by evaluating the spillover effects of a law providing the judicial administration of organized crime firms through...
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Mafia-dominated sectors and in municipalities where fewer incumbents are re-elected. The dismissals generate large economic … returns by weakening the Mafia and fostering trust in local institutions. The analysis suggests that CCDs represent an …
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Since Becker (1968), the causes and consequences of crime have been of interest to economists. Crime has been found to cause uncertainty and inefficiency while discouraging investment. This dissertation revisits the consequences of crime for an economy and its actors. In particular, additional...
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