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The Market for Extortions

Author

Listed:
  • Halvor Mehlum
  • Karl Ove Moene
  • Ragnar Torvik

Abstract

We consider extortion gangs that are mafia-like in their protection of targets, but that are unlike the Mafia in their competition over targets. Does this type of organized crime pay? How are the returns to extortion affected by the number of competing extortionists and the violence they apply? Does the supply of extortions create the demand for protection that the groups live from? In order to answer such questions we analyse a model that focus on the trade-off between congestion and demand creation in the market for extortions.

Suggested Citation

  • Halvor Mehlum & Karl Ove Moene & Ragnar Torvik, 2001. "The Market for Extortions," WIDER Working Paper Series DP2001-26, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:dp2001-26
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    File URL: https://www.wider.unu.edu/sites/default/files/dp2001-26.pdf
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