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Prateek Raj

Antitrust and Competition

We Need to Deal With WhatsApp's Misinformation Problem

A peculiar feature of WhatsApp groups has made the spread of misinformation much easier. We need better design guidelines for platforms like WhatsApp, ones...
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Regulatory Capture

Prize-Winning Innovations in Measuring Civic Capital and Its Effects

The European Economic Association has announced that this year’s Hicks Tinbergen medal will go to ProMarket editor and Stigler Center faculty director Luigi Zingales...
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Rent seeking

A Tale of Two Cities: Hamburg and Lübeck

The German cities of Hamburg and Lübeck have an interwoven and eventful history. Whereas Lübeck offers an example of how dominant cities may become unattractive...
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Antitrust and Competition

How Markets in Europe Opened Up as Guild Monopolies Declined in the Sixteenth Century

Markets don’t function well if they are ridden with frictions like lack of information or lack of trust. A new working paper finds that...
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Antitrust and Competition

"Antimonopoly Is as Old as the Republic"

Should the U.S. enforce more explicit restrictions on monopolies, or can innovation and democracy alone mitigate the pervasive effects of monopoly power? A panel of...
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Media

Can Narratives Shape Society?

Narratives that alter beliefs and change norms or guiding principles may indeed have real and lasting effects.    Amid the endless types of possible narratives, the...
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Rent seeking

Does Regulation Build Trust or Entrench Cliques? Lessons From Merchant Guilds and the Taxi Industry

Close-knit networks, like guilds and taxi associations, are helpful in enhancing trust and reliability. Yet they can also become exclusive and rent-seeking.   Last May,...
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Media

The Role of Narratives in Economics

Narratives are vectors of ideas. Nobel laureate Robert Shiller suggests that in the age of social information networks, economists need to rethink how and...
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News

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...
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News

“Alberto Alesina Always Knew Where The Big Ideas Were”

Paola Giuliano
Harvard economist Alberto Alesina passed away at 63. Paola Giuliano, UCLA professor and Alesina's co-author, recalls his intellectual and human legacy: "He...
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Media

Bethany McLean’s Weekend Reading List: Fracking, Germs, and the Global Financial Crisis

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

We Need More Respectful and Inclusive Experiments in Development Economics: A Proposal

Francesco Loiacono, Mariajose Silva Vargas, Apollo Tumusiime
After many years of field research in Uganda, three economists outline how to prevent a powerful research tool such as randomized...
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Inequality

Indecent Proposals in Economics: The Moral Problem With Randomized Trial Experiments

Ankur Sarin
The advent of field Randomised Control Trials (RCTs) has made it more acceptable for applied economists to collect data in developing countries....
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Coronavirus

When and How the US Should Reopen Is a Matter of Politics, Trust in Institutions and Media, Survey Says

Marianne Bertrand, Guglielmo Briscese, Maddalena Grignani, Salma Nassar
A new survey from the Rustandy Center and the Poverty Lab at the University of Chicago finds that political party affiliation and...
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Coronavirus

Why Social Distancing Measures Seem Less Effective in the US

Gabriele Borg, Samuele Giambra, Samsun Knight
Guidelines assume that the less people move around, the less likely they are to be in contact. However, phone location data show...
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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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