Guy Rolnik

140 Years of Antitrust: Are Brandeisian Pro-Competition and Anti-Monopoly Sentiments Coming Back Into the Political Discourse?

The first installment in a four-part series about the history of antitrust language in American political discourse: politicians from the Right and the Left are trying to bring back focus to the role of antitrust, bigness and concentration in the U.S economy. A close analysis of the language in both parties’ platforms over the past 140 years by ProMarket may suggest that it’s long overdue.  

Read more
capture_july20_final2

Campaign Financing Capture Index: 37.8 Percent of Clinton’s Donations Come From the Top 0.1 Percent of Her Donors

30.7 percent of Clinton’s contributions came from donors who contributed more than $100,000. Clinton’s main super PAC raised $8.08 million in July–nearly all of it from donors who gave more than $100,000. A distribution analysis of the candidates’ donor pools shows that the top 0.1 percent of Clinton’s donors account for nearly 38 percent of her total campaign contributions.   

Read more
oleg

How Rich are the Parents of Your Money Manager, and What Does it Tell You About his Alpha?

In the last few decades, numerous studies in financial literature have been devoted to the question of “alpha”—that is, the ability of money managers to beat market returns. The main finding is that most asset managers fail to beat the market, and high active management fees are the main culprit. Yet, many investors still choose to give their money to active money managers in the hope that they will beat the market. Researchers at the University of Michigan and the University of New South Wales used a novel dataset to come up with another possible criterion for managers who have […]

Read more
James Bailey

Certificate of Need Laws Show Entry Barriers Can Raise Spending

In most states, health care providers who seek to open a new hospital must obtain a “certificate of need” (CON) from a state board certifying that there is an “economic necessity” for their services. A new working paper published by the Mercatus Center finds that states with CON laws spend 3 percent more on health care than other states.  

Read more
W. David Bradford (right) and Ashley Bradford

Why is Medical Marijuana Still Not Accepted in All 50 States? Ask George Stigler

A new working paper by University of Georgia researchers shows that medical marijuana leads to sharp drops in the number of prescriptions for branded drugs.The paper estimates savings of up to $1.5 billion per year in Medicaid spending if medical marijuana was legalized in all 50 states. The ideas of the late University of Chicago economist George Stigler might offer a potential explanation of why this has not happened yet.  

Read more
1 2 3 9