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Covid-19

Economics, Law and Finance Professors from Major Universities Write to Congress : “Bail Out People Before Large Corporations”

ProMarket writers
"Bailouts allow investors to keep all the profits in good times without bearing the losses in bad times. Instead, bailouts impose losses on taxpayers, including those...
Antitrust and Competition

The Covid-19 Bailout That Big Business Is Lobbying for Could Make America Unrecognizable

Matt Stoller
Supporting industries is necessary to mitigate the economic impact of the pandemic. But using the coronavirus as an excuse, Boeing and other companies are...
Covid-19

Stick, Carrot, and Evergreen Loans: A Policy Proposal to Save Small and Medium-Sized Firms

Arvind Krishnamurthy
Restaurant owners, retailers, and the like employ more than 50 percent of the US workforce, yet neither have cash buffers nor access to Federal Reserve support. In...
ESG, Corporate Governance & Future of the Firm

“Monetary Awards Are Not the Only Reason Why Whistleblowers Report Corporate Malpractice”

Stefano Feltri
At the SEC, Jordan Thomas had a leadership role in developing the program to protect and reward employees who report corporate wrongdoing. Now, he is...
Covid-19

“This Crisis Is Different: the Coronavirus Is a Social Disease Which We Need to Tackle as a Community”

Christoph Gisiger
In an extensive interview, former Governor of the Reserve Bank of India and Chicago Booth professor Raghuram Rajan discusses the pandemic's impact on financial...
Antitrust and Competition

Allowing Digital Platforms to Continue Picking the Winners and Losers of Our Economy Is Un-American

Sally Hubbard
Antitrust law aims to stop established companies from shutting out competitors. We should revive enforcement against exclusionary conduct, as well as structurally eliminate the...
Covid-19

The Virus Outbreak Changed the Democratic Primaries: Sanders Is Running on Borrowed Time

David Lawsky
Joe Biden swept Florida, Illinois, and Arizona on Tuesday, jumping ahead to 1,173 of the 1,991 delegates he needs to win the presidential nomination....
Covid-19

What the European Union Can Do to Overcome Liquidity Shortages for Firms

Markus Brunnermeier
European institutions can mitigate the negative impact of the coronavirus crisis: the European Investment Bank (EIB) can borrow from the European Central Bank (ECB) and...
Antitrust and Competition

How US Regulators Allowed Google and Facebook to Become Dominant

Filippo Lancieri
The UK's Competition and Markets Authority recently criticized Google and Facebook's excessive market power. American regulators, on the other hand, have allowed them to consolidate...
Antitrust and Competition

Five Conditions for Corporations About to Receive Coronavirus Bailouts

Matt Stoller
Wall Street and the Federal Reserve are getting ready for massive bailouts, so here are the conditions to put on large corporations who need...
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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.