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Income Inequality

Children of Workers Impacted by Automation Are More Likely To Experience Lower Income Mobility

Fredrik Heyman
A new empirical study examines whether advancements in automation and robotics have affected intergenerational income mobility. The authors find that parents’ exposure to new...
Antitrust and Competition

Understanding the DOJ’s Decision To Seek a Jury Trial in the Google Ad Tech Case

Samuel Weinstein
The Department of Justice recently sued Google for conduct relating to its ad tech services, accusing the search giant of unlawful monopolization. In an...
Democracy

Repeat Voting: A Simple Way To Get More Representative Results

Sergiu Hart
Democratic elections suffer from several shortcomings, including low voter turnout and the effects of inaccurate polling. Sergiu Hart suggests adopting a simple repeat voting...
Regulation

Gambling for Resurrection: How U.S. Banks Hedged Interest Rate Risk During 2022 Monetary Tightening

Amit Seru
Following a widely cited report on unrecognized bank losses due to interest rate rises, Amit Seru and his co-authors have taken a close look...
Commentary

Economists Are Still Right About Airline Deregulation!

Clifford Winston
Would increasing regulation of the U.S. airline industry resolve the issues that Americans have heard about and experienced in the past few months? Clifford...
Democracy

Different Voting Methods Produce Different—and More Accurate—Results

Aaron Hamlin
There is a significant ongoing debate in the United States on the merits of plurality voting (how most American elections are conducted) and how...
Antitrust and Competition

Gauging Common Ownership in Fintech Markets

Anna Tzanaki
A new empirical paper estimates the scope and impact of common ownership in fintech markets. The authors find limited common ownership among private fintech...
Monetary Policy

Resolving the Banking Crisis

Peter DeMarzo
Following up their recent analysis of risk in the banking system, DeMarzo, Jiang, Krishnamurthy, Matvos, Piskorski and Seru argue that banks should be required...
Antitrust and Competition

The Consumer Welfare Standard is Too Tainted

Tim Wu
The Stigler Center’s 2023 Antitrust and Competition conference seeks to answer the question: what lays beyond the consumer welfare standard? In advance of the discussions, ProMarket is publishing a...
Antitrust and Competition

Show Your Work: Meaningful Disclosure and Antitrust Enforcement Goals

William E. Kovacic
The Stigler Center’s 2023 Antitrust and Competition conference seeks to answer the question: what lays beyond the consumer welfare standard? In advance of the discussions, ProMarket is publishing a...
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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.