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An Economic Analysis of a Drug-Selling Gang's Finances*
Open accessAbstract
Street gangs have a long history in American cities (Thrasher 1927).Until recently, gangs were organized primarily as social peer groups.Any economic activities were of secondary importance (Suttles 1968, Klein 1995).The last two decades, however, have given rise to a dramatic transformation in street gangs, or what Taylor (1990) terms their "corporatization."When crack became widely available in the mid-1980s, sold in small quantities in fragmented street-corner markets, street gangs became the logical distributors.The potential profit in drug dealing dwarfed that previously available to gangs through other criminal channels.As a
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Metadata
- Authors
- Levitt, S. D., & Venkatesh, S. A.
- Venue
- Quarterly Journal of Economics
- Publisher
- Oxford University Press (OUP)
- Published
- 2000-08
- Volume
- 115
- Issue
- 3
- Pages
- 755-789
- ISSN
- 0033-5533 (ISSN-L)
- 1531-4650
- OpenAlex
- W2143018146
- Cited by
- 886
- References
- 0
- FWCI
- 21.54
- Type
- journal article
- Language
- en
- Open access
- green
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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