Capture

On Science Advancing One Funeral at a Time

Do star scientists erect barriers to entry for newcomers in their fields? Pierre Azoulay and Joshua Graff Zivin bring some data to the question...

Livestreaming Polluters to Enforce Environmental Policy: Evidence from a Natural Experiment in Pittsburgh

Enforcing environmental regulations is controversial and can be costly. But researchers at UCLA and Carnegie Mellon have proposed a low-cost alternative for enforcement—disclosing emissions...

Does Direct Democracy Reduce Regulatory Capture?

Does direct democracy make regulatory capture harder for industry? Samantha Eyler-Driscoll looks at a new Stigler Center working paper that examines state-level referenda and...

Why Are So Many Executives Running for Office These Days?

New research documents a sharp increase in the number of corporate executives in elected federal office between 1980 and 2014. But why do they...

Can Credit Tightening Spur Social Unrest? Evidence from 1930s China

In 1933 the United States launched its Silver Purchase program, which raised silver prices worldwide, drained China’s silver stock, and caused credit to Chinese...

How Politicians Intensify Financial Cycles: 300 Years of Pro-Cyclical Regulation

Three hundred years of financial regulation offer a cautionary tale to today’s push against yesterday’s regulations. This column revisits the political economy of financial...

Rethinking Stigler’s Theory of Regulation: Regulatory Capture or Deregulatory Capture?

Much government regulation does not fit the logic of Stigler’s theory of anti-competitive regulatory capture. In a new book, Steven Vogel of Berkeley argues...

The Only Game in Town: Central Banking as False Hope

To accompany Paul Tucker’s mini-course at the Stigler Center this week, we offer here an extract of the former Bank of England Deputy Governor’s...

Return of the State: Banking on Diplomacy

If, as California political legend Jesse M. Unruh once quipped, “money is the mother’s milk of politicians,” it’s reasonable to expect that countries might...

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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