type here...
Antitrust and Competition
Filippo Maria Lancieri

How Does the House Antitrust Report on Digital Markets Compare to Others Around the World?

While the House Majority Report on digital platforms, published earlier this month, differs from other analyses both in terms of its structure of analysis and the range of its recommendations, it aligns with previous inquiries’ conclusion that governments need to do more to promote competition in the digital world.  In August, Patricia Sakowski and I published a Stigler Center Working Paper titled Competition in Digital Markets: A Review of...
Read more

RESEARCH

COMMENTARIES

COMMENTARIES

Friedman’s Legacy: From Doctrine to Theorem

Luigi Zingales
Friedman was more right than his detractors claim and more wrong than...
Read more

PODCAST

A New Capitalisn’t Episode

Subscribe to promarket newsletter

Join our email newsletter

READING LIST

The Covid-19 Economy

Discover all reading lists
Read the list
Coronavirus

Social Distancing Laws Cause Only Small Losses of Economic Activity: Scandinavian Countries as a Case Study

Adam Sheridan
A new study compares the economic performance of Sweden, which avoided a government-mandated shutdown and allowed businesses to operate freely during the...
Read more
Coronavirus

The Persuasive Effect of Fox News: How Increases in Fox News Viewership Reduced Compliance With Social Distancing Guidelines

Jean-Pierre Dubé, Andrey Simonov, Szymon Sacher, Shirsho Biswas
Using zip-code level data on Fox News viewership and individual cellphone movement data, a recent study finds that increasing the local viewership...
Read more
Coronavirus

Tailoring Lockdowns for Developing Countries

Titan Alon, Minki Kim, David Lagakos, Mitchell VanVuren
The Covid-19 pandemic has decimated livelihoods in developing nations, and coronavirus-related deaths are rising in Africa and South Asia at an alarming...
Read more
Coronavirus

Lifting Lockdown Measures Won’t Bring Back Lost Jobs, New Study Suggests

Yongseok Shin
A new paper examines data on local outbreaks in South Korea and finds that even in the absence of lockdowns, an increase...
Read more

READING LIST

Police Reform

In the aftermath of the brutal murder of George Floyd at the hands of white police officers in Minneapolis and the ensuing global outrage, an unprecedented focus on the causes of police violence and misconduct has emerged. Should the police be “defunded,” as many protesters demand, or should US law enforcement reformed in other ways? ProMarket investigates.

Read the list
Discover all reading lists
Inequality

Police Stops of Black Drivers Increase Following Trump Rallies, New Study Suggests 

Pauline Grosjean, Federico Masera, Hasin Yousaf
A new study looks into how Trump's 2016 presidential campaign affected police behavior toward Black Americans and finds that the probability that...
Read more
News

Prison Labor Can Create Perverse Incentives for Incarceration and Reduce Trust in Legal Institutions

Belinda Archibong, Nonso Obikili
Government proponents of prison labor should be mindful of the potential for negative effects, including increased incarceration rates and citizens’ deteriorating views...
Read more
News

Few Bad Apples? New Study Finds That 40 Percent of Officers in a Large Police Force Are Discriminatory

Felipe Goncalves, Steven Mello
A new paper seeks to examine whether police misbehavior is concentrated or diffuse by identifying whether highway patrol officers in Florida are...
Read more
News

What is the Connection Between Collective Bargaining and Police Officer Misconduct? Evidence from Florida

Dhammika Dharmapala, Richard H. McAdams, John Rappaport
A working paper finds that after sheriffs’ deputies in Florida were allowed to unionize, violent incidents increased by 40 percent.
Read more
Teaching
Antitrust and Competition

The United States: An Exceptional Case? A Webinar With Stephen Haber, Richard R. John, and Luigi Zingales

ProMarket writers
Many see the US as a land where free markets and antitrust enforcement have historically kept monopolies under control. But is that really the case?  Watch a conversation between Stanford University professor Stephen Haber, Columbia University professor Richard R. John, and Luigi Zingales. The Stigler Center’s Monopolies and Politics Workshop Webinar Series explores the interconnection between monopolies and politics, and the historical evidence of monopolies capturing national governments and...
Read more
Coronavirus

The Economic and Social Implications of Racial Disparities: A Webinar With Lisa Cook

ProMarket writers
Michigan State University professor Lisa Cook joined Princeton’s Bendheim Center for Finance to discuss how violence impacts innovation, as well as the economic and societal fissures exposed by Covid-19.  On...
Read more
Antitrust and Competition

Covid-19 and Amazon’s Future: a Webinar With Stacy Mitchell, Steven Kaplan, and Jacob Schlesinger

ProMarket writers
As part of the Stigler Center’s Political Economy of Covid-19 Series of online programming, which explores the economic and political implications of Covid-19 with leading academics and experts, we recently hosted a conversation between Stacy Mitchell, co-director...
Read more

Do Courts Have a Pro-Business Bias?

Regulatory Capture
Roy Shapira
Existing evidence are not enough to determine whether courts are pro-market or pro-(incumbent)business. President Obama’s plan to nominate Judge Merrick Garland to the Supreme Court...

COLUMNS

Media

Bethany McLean’s Weekend Reading List: Economists, Corporate Giveaways, and Elon Musk

Bethany McLeanBethany McLean
Corruption, lobbying, corporate malfeasance, and frauds: a weekly unconventional selection of must-read articles by investigative journalist Bethany McLean.
Read more
Media

Bethany McLean’s Weekend Reading List: Insider Trading, Central Banking, and the Fall of the CDC

Bethany McLeanBethany McLean
Corruption, lobbying, corporate malfeasance, and frauds: a weekly unconventional selection of must-read articles by investigative journalist Bethany McLean. 
Read more
Media

Bethany McLean’s Weekend Reading List: Friedman, 50 Years Later Edition

Bethany McLeanBethany McLean
Corruption, lobbying, corporate malfeasance, and frauds: a weekly unconventional selection of must-read articles by investigative journalist Bethany McLean.
Read more
Coronavirus

Bethany McLean’s Weekend Reading List: Inequality, Remote Learning and the First Female Recession

Bethany McLeanBethany McLean
Corruption, lobbying, corporate malfeasance, and frauds: a weekly unconventional selection of must-read articles by investigative journalist Bethany McLean.
Read more

what we're reading

What we are reading

Facebook Charged Biden a Higher Price Than Trump for Campaign Ads

ProMarket writers
Read more
[The Markup]
What we are reading

The Social Media Hearing Was a Missed Opportunity for Lawmakers

ProMarket writers
Read more
[The Washington Post]
What we are reading

Internal Google Document Reveals Campaign Against EU Lawmakers

ProMarket writers
Read more
[Financial Times]
What we are reading

The Tech Giants’ Cultures Are Incompatible With Fixing the Societal Problems They’re Causing

ProMarket writers
Read more
[The Information]
What we are reading

Wall Street Spent Over $74 Million to Back Joe Biden’s Run for President, Topping Trump’s Haul

ProMarket writers
Read more
[CNBC]
What we are reading

For Tech CEOs, Capitol Hill is Now Mandatory

ProMarket writers
Read more
[Axios]
What we are reading

Nobel Laureate Joseph Stiglitz on How to Fix the Economy During and After the Pandemic

ProMarket writers
Read more
[Vox]
What we are reading

Republicans Make an Unlikely Closing Pitch: Amend Section 230

ProMarket writers
Read more
[Wired]
What we are reading

Six Republican Secretaries Of State Tried To Stop Facebook’s Effort To Register Millions Of Voters

ProMarket writers
Read more
[BuzzFeed]
What we are reading

Mark Zuckerberg Backs Reform of Legal Protections for Social Media

ProMarket writers
Read more
[Financial Times]
What we are reading

Google’s Guardians

ProMarket writers
Read more
[The American Prospect]
What we are reading

Google Lawsuit: the Opening Salvo in a Battle to Restrain Big Tech

ProMarket writers
Read more
[Financial Times]

LATEST

News

Seven Reasons Why the Wirecard Fraud Matters

Karthik Ramanna
We now know that Wirecard was a massive fraud. The company—treated like a rock star by regulators and key players in finance—fabricated...
Read more
Corporate Governance

The Social Voice of CEOs

Swarnodeep Homroy
A new working paper examines the phenomenon of CEO activism and finds that while statements by activist CEOs are more likely to...
Read more
News

Jimmy Lai: “Hong Kong Will Eventually Be Like China, Plagued by Corruption”

Asher Schechter
In an interview with ProMarket, Hong Kong media tycoon and pro-democracy activist Jimmy Lai discussed his legal troubles, the roots of his...
Read more
Antitrust and Competition

The Challenges to (Re)forming a Platform Economy for the People

Ariel Ezrachi, Gene Kimmelman
Measured antitrust enforcement and a more comprehensive regulatory regime can ensure that we continue to benefit from digital markets. In attempting to...
Read more
News

Spectrum Auctions: There Is Elegance in the Mundane

Anthony Lee Zhang
As a student, Booth School Professor Anthony Lee Zhang was puzzled that Paul Milgrom chose to spend so much of his time...
Read more
Antitrust and Competition

Antitrust as Economic Stimulus

Hal Singer, Marshall Steinbaum
By attacking power imbalances, competition policy can steer income to workers and independent merchants who are more inclined to spend than monopoly...
Read more
Antitrust and Competition

The Monopolists and the Pandemic: What Covid-19 Teaches Us About Concentrated Power

Barry C. Lynn
In the preface of his new book Liberty from All Masters: The New American Autocracy vs. the Will of the People, Barry...
Read more
Antitrust and Competition

“Amazon Is Getting Richer by the Moment —But There’s a Limit to How Many People Jeff Bezos Can Buy”

Asher Schechter
In an interview with ProMarket, Barry Lynn discusses the current state of American antimonopoly, what the Covid-19 crisis has taught us about...
Read more

ALSO READ

Antitrust and Competition

Tech Monopolies Are the Reason the US Now Has a TikTok Problem

Lucas Kunce
Tech platforms like Facebook say we should protect, empower, and celebrate their concentrated power for the sake of America’s national security. But...
Read more
Regulatory Capture

Who Is to Blame for the 2008 Financial Crisis?

Luigi Zingales
The IGM Center at the University of Chicago has asked its American and European economist panel to rate the main causes of the financial...
Read more
Friedman 50 Years Later

Friedman’s Principle, 50 Years Later

Luigi Zingales
In the mid-1980s, Milton Friedman’s view that the only social responsibility of business is to increase its profits became dominant in business...
Read more
Capitalisn't

Should We Defund the Police? A New Capitalisn’t Reading List

ProMarket writers
In this episode of the Capitalisn't podcast, Kate and Luigi take an economist's look at the concept of defunding the police.
Read more
COMMENTARIES

Why Economic Predictions Are Useless Right Now

Branko Milanovic
The Covid-19 crisis is unprecedented in its global scope and open-ended, uncontrollable progress. By their very nature, the models that economists often...
Read more
Alberto Alesina

How Political Conflict Shapes Macroeconomics: Alberto Alesina’s Intellectual Legacy

Guido Tabellini
One of the most respected economists of his generation, Harvard professor Alberto Alesina suddenly died at 63. His friend and colleague Guido...
Read more
Friedman 50 Years Later

“50 Years Later, It’s Time to Reassess”: Raghuram Rajan on Milton Friedman and Maximizing Shareholder Value

Raghuram Rajan
The biggest problem with shareholder value maximization is that it completely turns a tin ear to politics. The alternative is to maximize...
Read more

ProMarket is dedicated to discussing how competition tends to be subverted by special interests. The posts represent the opinions of their writers, not necessarily those of the University of Chicago, the Booth School of Business, or its faculty. For more information, please visit ProMarket Policy.

About Us

Categories

What we are readingAntitrust and CompetitionRegulatory CaptureMediaRent seekingNews