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How Interest Groups Utilize Reverse Revolving Doors to Influence Legislative Voting

Miguel Alquézar Yus, Josep Amer Mestre
A new study finds that legislators who worked for interest groups before taking office influence the voting behavior of their colleagues when...
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Antitrust and Competition

Unreliable Accounts: How Regulators Fabricate Conceptual Narratives to Diffuse Criticism

Karthik Ramanna
In 2010, as the world was reeling from the global financial crisis, the body that determines generally accepted accounting principles for listed...
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News

The Future of Money: The Case for Central Bank Digital Currencies

Eswar S. Prasad
"Money as we know it stands at the threshold of yet another major transformation in its long and storied history," writes Eswar...
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Antitrust and Competition

Missing the Forest for the Trees: A Reply to Hovenkamp and Shapiro

Hal Singer, Marshall Steinbaum
The Federal Trade Commission’s now-abandoned 2020 Vertical Merger Guidelines were not some ideal economic document that the FTC foolishly disregarded; rather, they...
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Economic History Series

Buchanan’s Samaritan’s Dilemma

Alain Marciano
The Samaritan’s dilemma is not only about the detrimental effects help can have on the beneficiaries. As James Buchanan explained in his...
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Antitrust and Competition

How Will the FTC Evaluate Vertical Mergers?

Carl Shapiro, Herbert Hovenkamp
The Federal Trade Commission’s recent withdrawal of its 2020 vertical merger guidelines is flatly incorrect as a matter of microeconomic theory and...
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Antitrust and Competition

The Roots of America’s Competition Revolution

William E. Kovacic
Proponents of the current transformation in America’s competition policy managed to shape legislative reform proposals, push public antitrust agencies to boost enforcement, and successfully...
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Economic History Series

Looks Can Be Deceiving: Ronald Coase and the Chicago School

Steven Medema
Ronald Coase is typically thought of as one of the Chicago School’s brightest lights. But Coase’s relationship with Chicago was always an...
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Antitrust and Competition

A New Browser Extension Aims to Bring Transparency to Big Tech Funding

Jana Kasperkevic
As Congress prepares to debate a series of new antitrust bills​, the​ Big Tech Funding browser extension encourages lawmakers to be mindful...
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Antitrust and Competition

What Are They Hiding? What Firms Don’t Want Us to Know About Their Economic Development Incentives

Nathan Jensen, Calvin Thrall
State and local governments offer firms all kinds of incentives in hopes of spurring local economic development. New research finds that a...
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Corporate Governance

The Social Responsibility of Business Includes Profits

Alex Edmans
Profits these days are often seen as a dirty word, but it is wrong to demonize profits. A company’s responsibility is not...
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News

Academic Gatekeepers, Real and Imagined, Are Threatening the Credibility of the Field of Political Finance 


Renée Adams
One objective of political finance is to hold power to account. However, gatekeeping, both direct and indirect, is keeping important work from...
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News

A Call for Comments: Have You Been Affected by Academic Gatekeeping?

Luigi Zingales
On Friday, ProMarket published a piece by Renée Adams about the impact of academic gatekeeping in the political finance. Do you have...
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Antitrust and Competition

How Big Data Fuels Big Tech’s Anticompetitive Conduct and Gatekeeping Power

Charlotte Slaiman
Achieving a truly open internet is only possible through robust online competition free from the control of today’s digital gatekeepers like Facebook...
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Antitrust and Competition

The Corporate Power Narrative: How Corporations Benefit from Economic Globalization

Anthea Roberts, Nicolas Lamp
In an excerpt from their new book, Six Faces of Globalization: Who Wins, Who Loses, and Why It Matters, Anthea Roberts and...
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Corporate Governance

Managers Should Satisfy Only the Ethically Permissible Preferences of Shareholders

Santiago Mejia
Oliver Hart and Luigi Zingales have proposed a revision to the dominant model of the objective of the firm, most famously defended...
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Economic History Series

Plagues Upon the Earth: How Wealth Intersects With Mortality

Kyle Harper
Kyle Harper’s new book, Plagues Upon the Earth: Disease and the Course of Human History, shows that the story of disease is...
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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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