Georg Rilinger
Georg is an economic sociologist who studies how and why opportunities and incentives for socially destructive behavior emerge in markets. In his current project, he pursues these questions by analyzing the California energy crisis of 2000/01 as a case of failed market design. In the past, he has studied how criminal conspiracies manage to avoid regulatory oversight. Since October of 2020, he has been working as a Postdoctoral Research Fellow at the Max Planck Institute for the Study of Societies in Cologne. Prior to returning to Germany, he received a PhD in Sociology from the University of Chicago where he was a Bradley Fellow at the Stigler Center.
Antitrust and Competition
The Texas Blackouts and the Problems of Electricity Market Design
Even in an ideal electricity market, reliability is an elusive and precarious byproduct of companies’ search for profits. Since market designers are...
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Antitrust and Competition
Rethinking Competition: From Market Failures to Ecosystem Failures
Despite the overwhelming importance of digital platforms, and the chatter around their recent rise, our understanding of digital ecosystems is still limited....
Corporate Governance
A Famed Economist’s Public Company U-Turn
Michael Jensen, a leading late 20th century economist, pivoted from praising public companies in the 1970s to assailing public company governance in...
Antitrust and Competition
Chinese Antitrust 2.0: Why Is China Going After Its Big Tech?
In an interview with ProMarket, Angela Huyue Zhang, author of a new book Chinese Antitrust Exceptionalism, discusses the motivations behind the recent...
Antitrust and Competition
Preventing Drug Shortages and Saving Lives: The Role of Quality and Reliability Standards
Prescription drug shortages have become more common in recent years, interrupting usual medical care and increasing patient risk and system costs, but...
Antitrust and Competition
Facebook Break-up Can Be Feasible, Efficient, and Ultimately Beneficial to Consumers
Is the relief sought by the FTC in its case against Facebook the right way to go? In principle, yes. However, the...
Antitrust and Competition
A Simple Way to Measure Tipping in Digital Markets
Digital markets are prone to “tipping.” Policymakers are starting to look at tipping as a market failure worthy of consideration. But as...
Corporate Governance
The Most Famous Article on the Theory of the Firm is Widely Misunderstood
Michael Jensen and William Meckling’s famous 1976 Journal of Financial Economics article has been cited nearly 100,000 times and is often regarded...
