You can find below our publications and working papers listed by topic.



Criminal organizations and transnational criminal groups pose a growing threat to national and international security, with substantial implications for public safety, democracy, and economic stability across the globe. Our expertise focuses on criminal organizations in Italy and Latin America. We are interested in studying the causes and the consequence of organized crime on our societies and in evaluating the effects of anti-organized crime policies.  


Limodio, N. 2019. Terrorism Financing, Recruitment and Attacks, Working Paper.

​Daniele, G., Dipoppa, G., 2019. Doing Business Below the Line: Screening, Mafias and European Funds,

Di Lonardo, L. & Dragu, T., 2020. Counterterrorism Policy in an Uncertain World. The Journal of Politics.

Checchi, V. V. & Polo, M., 2020. Blowing in the Wind: The Infiltration of Sicilian Mafia in the Wind Power Business . Italian Economic Journal  [WP version ]

Alesina, A., Piccolo, S. & Pinotti, P., 2019. Organized Crime, Violence, and Politics . The Review of Economic Studies, 7, Volume 86, pp. 457-499. 

Di Lonardo, L., 2019. The Partisan Politics of Counterterrorism: Reputations, Policy Transparency, and Electoral Outcomes . Political Science Research and Methods, Volume 7, p. 253–269. 

Daniele, G. & Dipoppa, G., 2017. Mafia, elections and violence against politicians . Journal of Public Economics, Volume 154, pp. 10-33.  [WP version ]

Daniele, G., 2017. Strike One To Educate One Hundred: Organized Crime, Political Selection and Politicians’ Ability . Journal of Economic Behavior & Organization, 7, Volume 159. [WP version ]

Pinotti, P., 2015. The Economic Costs of Organised Crime: Evidence from Southern Italy . The Economic Journal, Volume 125, pp. F203-F232.  [WP version ]

Pinotti, P., 2015. The Causes and Consequences of Organised Crime: Preliminary Evidence Across Countries. The Economic Journal, 8, Volume 125, pp. F158-F174.  [WP version ]

Daniele, G. & Geys, B., 2015. Organised Crime, Institutions and Political Quality: Empirical Evidence from Italian Municipalities . The Economic Journal, Volume 125, pp. F233-F255.  [WP version ]

In Italian:

Montani, E. 2017. ‘Ndrangheta: sostantivo femminile, in A. Alessandri (a cura di), Espansione della criminalità organizzata nell’attività d’impresa al Nord, Giappichelli, 2017, 225 - 265.

Montani, E. 2017. Partecipazione e concorso esterno nel reato di associazione di tipo mafioso: un confine liquido , in Rivista di Studi e Ricerche sulla criminalità organizzata, n. 2, v. 4 (2016) e in A. Alessandri (a cura di), Espansione della criminalità organizzata nell’attività d’impresa al Nord, Giappichelli, 2017, 39-76.

Pecchiari, N. 2017. Comitato per lo studio e la promozione di attività finalizzate al contrasto dei fenomeni di stampo mafioso e della criminalità organizzata , Comune di Milano, Programma “Luce sul Grigio”: la vulnerabilità della Città di Milano al rischio criminalità organizzata. 


Money laundering is a crucial activity for criminals, which allows drug traffickers, smugglers, and other criminals to expand their operations. Among its negative effects, money laundering transfers economic power from the market, government, and citizens to criminals, representing a dynamic challenge for the world community. We are specifically interested in understanding the evolving dynamics of the money laundering market and in investigating policies that might help States to design better financial supervision. 


Barone, R., Masciandaro D., Schneider, F. Money Laundering and Corruption: Birds of a Feather Flock Together. Working Paper.

Bartolozzi, D, Gara, M, Marchetti, D. J., Masciandaro, D., 2019. Designing the Anti-Money Laundering Supervisor: Theory, Institutions and Empirics, Working Paper. 


Barone, R. & Masciandaro, D., 2019. Cryptocurrency or usury? Crime and alternative money laundering techniques . European Journal of Law and Economics, 2, Volume 47. [WP version ]

Barone, R., Delle Side, D. & Masciandaro, D., 2018. Drug trafficking, money laundering and the business cycle: Does secular stagnation include crime? .Metroeconomica , Volume 69, pp. 409-426.  [WP version ]

Balakina, O., D’Andrea, A. & Masciandaro, D., 2017. Bank secrecy in offshore centres and capital flows: Does blacklisting matter? . Review of Financial Economics, Volume 32, pp. 30-57.  [WP version

Masciandaro, D. & Volpicella, A., 2016. Designing Financial Supervision: The Puzzling Case of the FIUs against Money Laundering . Journal of Financial Regulation, 3, Volume 2, pp. 79-113.  [WP version ]

In Italian:

Montani, E. 2017. Le attività di ostacolo, in A. Alessandri (a cura di), I reati in materia economica, vol. VIII, Trattato teorico-pratico di diritto penale, diretto da Palazzo e Paliero, II ed., Giappichelli, 2017, 188-218.

Montani, E. 2017. La tutela penale del corretto funzionamento degli organi sociali, in A. Alessandri (a cura di), I reati in materia economica, vol. VIII, Trattato teorico-pratico di diritto penale, diretto da Palazzo e Paliero, II ed., Giappichelli, 2017, 219 - 227.

Montani, E. 2017. La bancarotta fraudolenta documentale, in A. Alessandri (a cura di), I reati in materia economica, vol. VIII, Trattato teorico-pratico di diritto penale, diretto da Palazzo e Paliero, II ed., Giappichelli, 2017, 443 - 456. 


Corruption concerns the abuse and misuse of public resources for private gains. Corruption has detrimental effects both on democracy, by eroding trust in government and undermining the social contract, and on economic growth, by impeding investment. Our expertise relates to the effects of corruption on the political arena and voters’ reaction to corrupt incumbents. We are also interested in evaluating the effects of anti-corruption policies.  

Gehrke, M. 2019. Political Survival and Politicians’ Enrichment After Anti-Corruption Audits, Working Paper.

Gehrke, M. 2019. Do Biometric Identification Machines Help to Clean Up Elections? Evidence from Colombia, Working Paper.

Daniele, G., Sartre, E., Vertier, P. 2019. Toxic Loans and the Entry of Extreme Candidates, Working Paper.

Decarolis, F., Fisman, R., Vannutelli, S., Pinotti, P. 2020.  Rules, Discretion, and Corruption in Procurement: Evidence from Italian Government Contracting. Working Paper

Aassve, A., Daniele, G., Le Moglie, M., 2019. Never Forget the First Time: The Persistent Effects of Corruption and the Rise of Populism in Italy Working Paper.

Daniele, G., Giommoni, T., 2020. Corruption under Austerity.Working Paper.  

Britto, D., Fiorin, S., 2019. Corruption and Legislature Size: Evidence from Brazil. Working Paper.

Daniele, G., Galletta, S. & Geys, B., 2020. Abandon ship? Party brands and politicians' responses to a political scandal . Journal of Public Economics, Volume 184. [WP version

Decarolis, F., Giuffrida, L. M., Iossa, E., Mollisi, V. & Spagnolo, G. 2020. Bureaucratic Competence and Procurement Outcomes . The Journal of Law, Economics, and Organization, 5. [WP version

Solaz, H., Vries, C. E. D. & de Geus, R. A., 2019. In-Group Loyalty and the Punishment of Corruption. Comparative Political Studies, Volume 52, pp. 896-926. 

Le Moglie, M.  & Turati, G., 2019. Electoral cycle bias in the media coverage of corruption news . Journal of Economic Behavior & Organization, Volume 163, pp. 140-157. [WP version ]

Cavalcanti, F., Daniele, G. & Galletta, S., 2018. Popularity shocks and political selection . Journal of Public Economics, Volume 165, pp. 201-216. 

Decarolis, F., 2018. Comparing public procurement auctions International Economic Review, Volume 59, pp. 391-419.  [WP version

De Vries, C. E. & Solaz, H., 2018. Corruption and Electoral Accountability: Avenues for Future Research. Emerging Trends in the Social and Behavioral Sciences. s.l.:American Cancer Society, pp. 1-13. 

De Vries, C. E. & Solaz, H., 2017. The Electoral Consequences of Corruption . Annual Review of Political Science, Volume 20, pp. 391-408. 

Conley, T. G. & Decarolis, F., 2016. Detecting Bidders Groups in Collusive Auctions . American Economic Journal: Microeconomics, 5, Volume 8, pp. 1-38.  [WP version


Crime is inherently an economic phenomenon, as individuals decide whether to commit a crime or not by weighing its expected benefits against its expected costs. What is the effect of economic recessions on criminal activity? Does immigration cause crime? What is the effect of legalizations on immigrants’ propensity to commit crimes? These are some of the questions that we try to answer when studying crime through the lens of economics.


Britto, D.,Pinotti, P., Sampaio, B., 2019. The Effect of Job Loss and Unemployment Insurance on Crime in Brazil, Working Paper.

Britto, D. 2020 Cash-on-hand in Developing Countries and the Value of Social Insurance, Working Paper.

Daniele, G.; Mookerjee, S. & Tommasi, D., 2020. Informational Shocks and Street-Food Safety: A Field Study in Urban India . The Review of Economics and Statistics, 3, 1-47. [WP version

Pinotti, P., 2017. Clicking on Heaven's Door: The Effect of Immigrant Legalization on Crime . American Economic Review, 1, Volume 107, pp. 138-68. 

Mastrobuoni, G. & Pinotti, P., 2015. Legal Status and the Criminal Activity of Immigrants . American Economic Journal: Applied Economics, 4, Volume 7, pp. 175-206. 

Pinotti, P., 2015. Immigration Enforcement and Crime . American Economic Review Papers & Proceedings, 5, Volume 105, pp. 205-9.  [WP version ]