Mafia doesn't live here anymore: Antimafia policies and housing prices

Francesca Calamunci, Livio Ferrante, Rossana Scebba and Gianpiero Torrisi

Journal of Regional Science, 2023, vol. 63, issue 4, 1001-1025

Abstract: It is well known that the value of a house depends both on the physical characteristics and on some features of the neighborhood in which it is located. If so, organized‐crime activities can significantly affect urban real estate values. Antimafia policies, in turn, can be intended as a tool to influence those external features. This paper compares the effects on real estate values of the two main antimafia policies implemented in Italy since the 1990s at the municipal level. While we do not find any significant effect of dismissal policies on house prices, we find a statistically significant effect of reassignment policies depending on the specific destination of confiscated property.

Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1111/jors.12647

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:jregsc:v:63:y:2023:i:4:p:1001-1025

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0022-4146

Access Statistics for this article

Journal of Regional Science is currently edited by Marlon G. Boarnet, Matthew Kahn and Mark D. Partridge

More articles in Journal of Regional Science from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().