caa a22 4500 445829540 CHVBK 20180317145309.0 cr unu---uuuuu 170323e20110801xx s 000 0 eng 10.1007/s10657-010-9203-x doi (NATIONALLICENCE)springer-10.1007/s10657-010-9203-x Organized crime, money laundering and legal economy: theory and simulations [Elektronische Daten] [Raffaella Barone, Donato Masciandaro] This paper proposes a dynamic model to simulate the relationships between the profits of organized crime, money laundering and legal investments. We develop a macro framework in which organized crime can increase its possibilities to invest in the legal sector by resorting to effective but costly money laundering schemes. The model explores the conditions under which the effectiveness of money laundering causes a positive trend in the legal assets owned by the criminal organizations. We use the model to simulate the total amount of legal wealth generated by organized crime through drug trafficking in different world regions, with particular attention to Europe. Springer Science+Business Media, LLC, 2010 Organized crime nationallicence Money laundering nationallicence Shadow economy nationallicence Barone Raffaella University of Salento, Lecce, Italy aut Masciandaro Donato Bocconi University, Milan, Italy aut European Journal of Law and Economics Springer US; http://www.springer-ny.com 32/1(2011-08-01), 115-142 0929-1261 32:1<115 2011 32 10657 https://doi.org/10.1007/s10657-010-9203-x text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s10657-010-9203-x text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Barone Raffaella University of Salento, Lecce, Italy aut NATIONALLICENCE 700 1- Masciandaro Donato Bocconi University, Milan, Italy aut NATIONALLICENCE 773 0- European Journal of Law and Economics Springer US; http://www.springer-ny.com 32/1(2011-08-01), 115-142 0929-1261 32:1<115 2011 32 10657 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer