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John G. Matsusaka

John G. Matsusaka is the Charles F. Sexton Chair in American Enterprise at the University of Southern California (Marshall School of Business, Gould School of Law, and Department of Political Science), and author of Let the People Rule: How Direct Democracy Can Meet the Populist Challenge (2020).
Friedman 50 Years Later

A Challenge for Stakeholder Capitalism: Solving the Paradoxes of Voting

If corporations are to maximize shareholder welfare, managers need to discover what shareholders value; political theory shows how difficult this can be.
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Commentary

How to Get Police Reform Done? Use Direct Democracy

Instead of just imploring their representatives to fix things, Americans can use the tools of direct democracy to take charge and promote...
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Corporate Governance

Turning Corporations into Democracies

The problem with encouraging firms to maximize shareholder welfare is how to prevent managers and special interests from diverting corporate resources in the name of shareholder...
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Corporate Governance

Does Empowering Shareholders Also Empower Special Interests?

The merits of increasing shareholder power are less obvious than reforms that increase companies' exposure to pressure from activist shareholders, since increasing shareholder power tends to...
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Corporate Governance

Enhancing Competition? The Role of Governance in Increasing Exposure to Competition

Contemporary corporate governance reform has been a mixed bag: reforms that increase a company’s exposure to competition through the control market have been helpful,...
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Latest news

Economic History Series

Buchanan’s Samaritan’s Dilemma

Alain Marciano
The Samaritan’s dilemma is not only about the detrimental effects help can have on the beneficiaries. As James Buchanan explained in his...
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Antitrust and Competition

How Will the FTC Evaluate Vertical Mergers?

Carl Shapiro, Herbert Hovenkamp
The Federal Trade Commission’s recent withdrawal of its 2020 vertical merger guidelines is flatly incorrect as a matter of microeconomic theory and...
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Antitrust and Competition

Announcing the Participants in the Fall 2021 Stigler Center Journalists in Residence Program

ProMarket writers
This month, the Stigler Center will welcome eight world-class journalists from the United Kingdom, Brazil, China, Romania, Ukraine, Slovenia, and the United...
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Antitrust and Competition

The Roots of America’s Competition Revolution

William E. Kovacic
Proponents of the current transformation in America’s competition policy managed to shape legislative reform proposals, push public antitrust agencies to boost enforcement, and successfully...
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Economic History Series

Looks Can Be Deceiving: Ronald Coase and the Chicago School

Steven Medema
Ronald Coase is typically thought of as one of the Chicago School’s brightest lights. But Coase’s relationship with Chicago was always an...
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Antitrust and Competition

A New Browser Extension Aims to Bring Transparency to Big Tech Funding

Jana Kasperkevic
As Congress prepares to debate a series of new antitrust bills​, the​ Big Tech Funding browser extension encourages lawmakers to be mindful...
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Antitrust and Competition

What Are They Hiding? What Firms Don’t Want Us to Know About Their Economic Development Incentives

Nathan Jensen, Calvin Thrall
State and local governments offer firms all kinds of incentives in hopes of spurring local economic development. New research finds that a...
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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.

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