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Covid-19

Antitrust and Competition

Why Amazon Is Poised to Emerge from the Covid-19 Crisis Stronger Than Ever

Shaoul Sussman
So far, Amazon has reacted to the coronavirus outbreak with restrictions designed to cement its market power at the expense of merchants and consumers. Amazon...
Covid-19

An Alternative to Complete Shutdown: Let Younger People Work

Yakov Amihud
The mortality rate of Covid-19 is rising with age. The cost of the economic shutdown declines with the number of people not subject to the shutdown. Consequently,...
Covid-19

Should Central Banks Have Constraints During a Crisis? A Mini-Course With Paul Tucker (Part 1)

ProMarket writers
The Federal Reserve and the ECB have been taking unprecedented steps to react to the financial impact of Covid-19. To frame the debate around the...
Covid-19

Option-Based Credit Spreads Signal a Recession, but the US Stimulus Will Soften the Blow

Mihir Gandhi
Over the past month, option-based credit spreads spiked and remain at elevated levels. The surge signals that a recession is at our door, but...
Covid-19

How the Covid-19 Pandemic Will Affect Four Types of Labor

Branko Milanovic
A tremendous shock like that of the coronavirus totally unbalances new demand for four different types of labor. The category policymakers should be...
Antitrust and Competition

The Stimulus Package Is Too Expensive and Poorly Targeted: The Waste Contained in the CARES Act

Amit Seru
A cost-effective stimulus to mend the effects of a 24 percent drop in GDP would cost no more than $1.3 trillion over a 6-month...
Covid-19

The Case for Lockdown: in Italy’s Lombardy, It Can Reduce Covid-19 Potential Fatalities from 160,000 to 25,000

Carlo Favero
According to an analysis by Bocconi University professor Carlo Favero, the number of people infected with the coronavirus in Lombardy, Northern Italy, is 120,000, while...
Covid-19

Bethany McLean’s Weekend Reading List: Walmart, Opioids, Oil Prices (and Coronavirus)

Bethany McLean
Corruption, lobbying, corporate malfeasance, and frauds: a weekly unconventional selection of must-read articles by investigative journalist Bethany McLean.  Oh my goodness, say it isn't so:...
Covid-19

The Economics of the Covid-19 Bailout: a Webinar

ProMarket writers
Princeton Professor Markus Brunnermeier and Nellie Liang, the former director of the Division of Financial Stability at the Federal Reserve, discuss the legacy of policy...
Covid-19

Testing People and Targeted Isolation: How to Save More Lives (and the American Economy)

Paul Romer
Nobel laureate Paul Romer's model shows that if we use a test to determine who gets put into isolation, the fraction of the population...
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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.