Out of the Darkness: Re-Allocation of Confiscated Real Estate Mafia Assets

Measuring the presence of organized crime across Italian provinces: a sensitivity analysis

“…Fabrizi et al (2019) and Calamunci and Drago (2020) demonstrated that when a criminal firm is eliminated from a relevant market, the performance of non-criminal competitors significantly increases both in terms of efficiency and turnover. Looking at the housing sector, Battisti et al (2019) show that mafia homicides have a negative and significant impact on house prices while Boeri et al (2019) unveil a positive effect of re-allocations of confiscated real estate assets.…”

Predicting agri-food quality across space: A Machine Learning model for the acknowledgment of Geographical Indications

“…The employment participation rate of neighbouring municipalities, the gender gap between educated inhabitants, and the distance from the capital city of the region also have roles showing-up among the most import features in several models. Even controlling for the whole set of alternative socio-economic related elements (see Table A1), such as the presence of criminal organizations, proxied by the confiscation of properties belonging to individuals convicted for mafia-related crimes (Boeri et al, 2019), being a remote municipality, far from the main economic and infrastructural centres of the areas, matters. In this regard it has been largely shown that, due to a combination of globalisation and technological change, rural regions have been characterised by lower labour-force participation and income, while many large metropolitan areas have been more prosperous in terms of income and employment (Iammarino et al, 2019), and this has increased the historical gap between the regions at the core and the regions at the periphery in many countries (Krugman, 1991).…”

Shooting down the price: Evidence from Mafia homicides and housing prices

“…Similarly, Pope (2008) finds a price reduction of around 2% in a Florida county when sex offenders move into a neighborhood, while in a study of Korea, Kim and Lee (2018) find higher effects from the presence of sex offenders, but with a higher time heterogeneity (i.e., the negative effects on housing prices disappears in few months). Finally, with respect to the case of Italy, Boeri et al (2019) analyze the effect on housing prices exerted by the confiscation and re‐allocation of real estate assets belonging to criminal organizations. Interestingly, they find that when the state reallocates such assets, housing prices in the surrounding area increase.…”

“…For the years 2007 and 2008, we matched the raw data from Naples' Prosecutor Office containing total numbers of homicides with information from secondary sources as the press, allowing us to classify homicides as CH for approximately 60% of the raw number of homicides. 9 This procedure is similar to the one adopted, for example, byLinden and Rockoff (2008) eBoeri et al (2019).…”