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Roy Shapira

Media

How the Legal System Helps the Media Hold the Powerful to Account

The legal system is the bloodline of investigative journalism. Recent maneuvers by the Trump administration may jeopardize it.     When done effectively, investigative journalism can greatly...
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Corporate Governance

Does Environmental Crime Pay?

A new Stigler Center working paper conducts a cost-benefit analysis of DuPont's emissions of a toxic chemical dubbed C8. The Trump administration has shown clear signs that it...
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Regulatory Capture

Managing Political Risk

A recent working paper suggests that firms react to political risk, both passively by cutting investment and employment, and actively by ramping up lobbying efforts. From Trump...
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Regulatory Capture

Attorneys General for Sale? We Should Focus on the Practice, Not Just on Trump’s Role

Trump is not the only, nor the biggest, player in the game of influencing attorneys general. Singling him out for opprobrium is aiming at the...
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Regulatory Capture

Regulators as Validators

Special interest groups can use their influence over regulation to water down not just potential legal sanctions but also potential reputational sanctions. What deters corporate...
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Regulatory Capture

Making it Look Like a Struggle

 For capture to be sustainable, the regulator has to find ways to be perceived as being tough on the regulated without really hurting them. The...
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Corporate Governance

Who Killed Corporate Reputation?

Regulation and reputation are not independent of each other. Regulation can substitute, crowd out, or even implement the power of reputational concerns. A better understanding...
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Regulatory Capture

Do Courts Have a Pro-Business Bias?

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...
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Corporate Governance

Corporate Governance Externalities: How Directors’ Reputational Concerns Shape Governance of Other Firms

A new paper by Wharton’s Doron Levit and Carroll’s Nadya Malenko fleshes out the role that reputation plays in shaping the structure and effectiveness of...
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Latest news

Antitrust and Competition

The Monopoly Harms That Antitrust Keeps Missing

Hal Singer
In his new book Monopolized, journalist David Dayen tells the stories of individuals who have suffered at the hands of monopolists, showing...
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News

Special Interests Hide Behind Regulatory Myths

Casey B. Mulligan
Three myths about federal regulation help prevent much of the public, and many experts, from realizing how many regulations serve to promote...
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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...
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COMMENTARIES

Bethany McLean’s Weekend Reading List: Eastman Kodak, Private Equity Hospitals, and America’s First Female Recession

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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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...
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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...
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Antitrust and Competition

Big Tech Is Officially Too Big to Manage

Shaoul Sussman
Last week’s Congressional hearing on Big Tech showed the CEOs of the four largest tech platforms unable to answer basic questions about...
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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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