We analyze the effects of Mafia infiltration in the legal economy. Combining information from
investigative records with panel data on firms' governance and balance sheets, we build an …

What is the impact of collusion between members of criminal organizations and politicians
on local public finances, in contexts in which organized crime is well-rooted? This article …

This paper studies the long-run economic impact of dismissing city councils infiltrated by
organized crime. Applying a matched difference-in-differences design to the universe of …

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 …

Mafia firms introduce distortions in the markets in which they operate, increasing the cost of
doing business for peer firms. We investigate whether peers respond by increasing their tax …

Adequate wages are an important tool to shield public officials from special interests and
corruption. But what is the equilibrium effect of higher wages in the presence of criminal …

This paper studies the origins, and economic and social consequences of some of the most
prominent drug trafficking organizations in the world: the Mexican cartels. It first traces the …

Rights-based management of fishery resources theoretically allows firms to minimize the
cost of extraction without the threat that other harvesters will take their allocations, but added …

We exploit staggered municipality-level antimafia enforcement actions in Italy over the 1995–
2015 period to study how the presence of organized crime affects firms. Following …

Despite a pervasive anti-money laundering regime worldwide and growing media attention,
the scant academic attention on the threat side of money laundering has led to an …