Dr Giuseppe DeFeo

Associate Professor of Economics

School/Department: Business, School of

Telephone: +44 (0)116 252 2901



I am Associate Professor of Economics and I joined the School of Business at the University of Leicester in February 2018. I hold a PhD in Economics from the Université catholique de Louvain and before joining Leicester I was Senior Lecturer at the University of Strathclyde Glasgow.



My research is focused on Political Economy Public Economics and Applied Microeconomic theory. My articles have been published on the Review of Economic Studies American Economic Journal: Economic Policy Journal of Economic Behavior & Organization. My current research projects include an empirical investigation on the rise of Italian Fascism; an exploration of political competition and the role of interest groups; a network analysis of organized crime and local elites; an empirical investigation developed with the Bank of Italy on electoral corruption and opaque financial transactions.


2020-22 British Academy mid-career fellowship (£126400) for the project ""The good connections. A network analysis of organised crime patronage and local elites.""

2015 Scottish Funding Council grant (£5795) for the workshop ""The Economics of Organized Crime""

Working Papers

D. Acemoglu G. De Feo G. De Luca & G. Russo (2020) “War Socialism and the Rise of Fascism: An Empirical Exploration”.

P. Accardo G. De Feo & G. De Luca (2021) “With a Little Help from My Friends. Political competition with interest groups”.



Acemoglu, Daron, Giuseppe De Feo and Giacomo De Luca, (2020) 'Weak states: Causes and Consequences of the Sicilian Mafia', Review of Economic Studies. 

De Feo, Giuseppe and Giacomo De Luca, (2017) 'Mafia in the Ballot Box', American Economic Journal: Economic Policy. 9(3), pp. 134-167.

Cosandier, Charlene, Giuseppe De Feo and Malgorzata Knauff, (2017) 'Duopoly with Deterministic One-way Spillovers', Journal of Public Economic Theory. Vol 19, pp. 1099-1117.

Amerighi, Oscar and Giuseppe De Feo, (2017) 'Tax Competition for Foreign Direct Investments and the Nature of the Incumbent Firm', Journal of Public Economic Theory.

De Feo, Giuseppe and Jean Hindriks (2014), 'Harmful competition in the insurance markets', Journal of Economic Behavior and Organization. Vol 106, pp. 213-226.

Amir, Rabah and Giuseppe De Feo (2014), 'Endogenous Timing in a Mixed Duopoly', International Journal of Game Theory, vol. 43 (5), pp. 629-658. Vol 19, p.811-826.

Amerighi, Oscar and Giuseppe De Feo, (2014) 'Competition for FDI and profit shifting: On the effects of subsidies and tax breaks', Vol 70 (3), pp.374-404. FinanzArchiv/Public Finance Analysis.

De Feo, Giuseppe, Joana Resende and Maria Eugenia Sanin (2013), 'Emission permits trading and downstream strategic interaction', The Manchester School, vol 81 (5), pp.780-802.

De Feo, Giuseppe, Joana Resende and Maria Eugenia Sanin (2012), 'Optimal allocation of tradable emission permits under upstream-downstream strategic interaction', International Game Theory Review, vol 14 (4),

Capuano, Carlo and Giuseppe De Feo (2010), 'Privatization in oligopoly: the impact of the shadow cost of public funds', Rivista Italiana degli Economisti, 2010 (2), pp. 175-208.



The PhD students that I currently supervise are:

Pasquale Accardo. Project “Causes and Impacts of Criminal Organizations on Institutions and Socio-economic Development: The Case of the Sicilian Mafia”

Donya Brown. Title “Essays in Examining the Impediments to Economic Growth and Development”

Arpita Ghosh. Title “Essays on the Political Economy of Crime and Punishment”

I am willing to supervise students on topics related to political economy economic history economics of (organized) crime and applied microeconomics.



EC1000 Microeconomics

EC2034 Economic History


Research leave


EC3080 Public Economics Blackboard webpage


EC3000 Advanced Microeconomics

EC3080 Public Economics

Press and media

Political institutions lobbying organized crime money laundering

Media coverage


The Economist (2021) ""What is the link between economic crises and political ruptures?"" January 21st 2021.

Acemoglu Daron Giuseppe De Feo Giacomo De Luca and Gianluca Russo (2020) ""Revisiting the rise of Italian fascism""

Acemoglu Daron Giuseppe De Feo and Giacomo De Luca (2018) “Weak states: Causes and Consequences of the Sicilian Mafia”


An offer they couldn't refuse: Causes and consequences of the Sicilian Mafia:


13th National Anti-corruption conference (Podgorica Montenegro).

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