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Capture

Academic Capture

The Political Economy of Distrust in Science

Matthew Lucky
Skewed incentives and the distribution of resources toward corporations have undermined the integrity of scientific research and contributed to the public’s distrust in expertise....
Capture

Germany’s CumEx and CumCum Financial Scandals Reveal How Democratic Institutions Fail

Gerhard Schick
Gerhard Schick discusses the CumEx and CumCum share-trading scandals that cost German taxpayers billions of euros over the course of several decades and the failures in political and social institutions that allowed these scandals to persist for so long.
Capture

How To Stop the Scourge of Corporate Pardons

Rohit Chopra
Former Federal Trade Commissioner and Consumer Financial Protection Bureau Director Rohit Chopra writes that as the federal government circumvents the rule of law by pardoning corporate infractions and crimes in exchange for political favors, individual states, citizens, and businesses will need to pursue private actions against corporate wrongdoing.
Academic Capture

How Have Ideas on Conflicts of Interest in Competition Scholarship Changed Since 2018?

Andy Shi
ProMarket interviews Magali Eben and Giorgio Monti about changes to the disclosure policy of the The Academic Society for Competition Law (ASCOLA) and the broader conversation on conflicts of interest in antitrust and competition scholarship.
Antitrust and Competition

Do Firms Use Connections to the President To Avoid Antitrust Scrutiny?

Claire Liu
In new research, Claire Liu and Jared Stanfield examine how relationships between corporate leaders and the United States president enable firms to capture regulation and avoid antitrust scrutiny.
Regulatory Capture

The Politics of Fragmentation and Capture in AI Regulation

Filippo Lancieri
In new research, Filippo Lancieri, Laura Edelson, and Stefan Bechtold explore how the political economy of artificial intelligence regulation is shaped by the strategic behavior of governments, technology companies, and other agents.
Commentary

Delaware’s SB21 Continues 150 Years of Corporate Power and Regulatory Capture

Christina M. Sautter
Christina M. Sautter writes that the passage of Senate Bill 21, which rebalances power away from shareholders to corporate management, represents a 150-year-long development in corporate law spurred by regulatory capture that has removed countless restrictions on firm behavior.
Academic Capture

How Conflicts of Interest Shape Trust in Academic Work

John M. Barrios
In a new NBER working paper, John M. Barrios, Filippo Lancieri, Joshua Levy, Shashank Singh, Tommaso Valletti, and Luigi Zingales explore the impact of...
Commentary

China Is Using Its Market Power To Influence Foreign Policymaking

Audrye Wong
Audrye Wong writes that China is able to use its market power to pressure foreign companies and business leaders—perhaps most notably Tesla CEO Elon Musk—to lobby on its behalf. The practice raises questions about foreign influence in American and European policymaking and the disproportionate clout of business and oligarchic interests.
Book Excerpts

What Is Democracy Beyond Elections?

Natasha Piano
The following is an excerpt from Natasha Piano's new book, Democratic Elitism: The Founding Myth of American Political Science, now out at Harvard University...
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The publication of the Stigler Center at The University of Chicago Booth School of Business

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.