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Title: The Power of the Racketeer: An empirical approach

Citation Type: Miscellaneous

Publication Year: 2011

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Abstract: Using a quasi-maximum likelihood Poisson estimator with fixed effects, this paper tests a theory presented in Rubin (1973) that organized criminal firms extract monopoly rentsfrom victim firms that gain monopoly power through the offering of goods and services in a non native language. Using a U.S. state panel and data on federal racketeering cases charged and convicted, I find that all else equal, a 0.1 percentage point increase in the amount of non-English speakers in a state will increase the expected number ofracketeering cases per state per year by 1.8. This is supported by the fact that states with fewer small businesses, and thus a higher probability of earning monopoly rents, experience less racketeering activity.

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Authors: Edwards, Griffin Sims

Publisher: Emory University

Data Collections: IPUMS USA

Topics: Crime and Deviance

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