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Research

Regulation

Free Speech Protections Boost Innovation

Swarnodeep Homroy
Firms may file a strategic lawsuit against public participation (SLAPP) against civil society to silence criticism for socially harmful activity, such as the use of dirty technologies. In new research, Swarnodeep Homroy finds that legal protections for free speech push firms to address some of these criticisms by developing new technologies.
Regulation

Federal Agency Independence Is in Jeopardy. Right When It Has Started to Matter

Cree Jones
In new research, Cree Jones, Tyler B. Lindley, and Thomas Smith investigate how restrictions on the president to remove independent agency officials affect agency behavior. Such restrictions have historically had surprisingly little effect. However, recent political polarization has drastically increased the importance of removal restrictions in blocking political influence.
Antitrust and Competition

Can AI Catch Cartels Across Borders?

Yoan Hermstrüwer
In new research, Yoan Hermstrüwer and David Imhof analyze how AI can help antitrust authorities predict cartels by assessing international bidding data in countries with similar legal and market structures.
Cultural Economics

A New Firearms Tax Design Could Reduce Homicides Without Costing Gun Owners

Luis Armona
In new research, Luis Armona and Adam Rosenberg argue that current state firearm excise taxes inadequately address gun-related crimes. They propose a tax that benefits society by targeting guns responsible for the most homicides, while accommodating the challenging political economy of firearms regulation in the United States.
Academic Capture

Academic Economists Have an Ethics Problem

Kate Conlow
In a recent article, Kate M. Conlow explores how feeble requirements among the American academic economics community to disclose conflicts of interest are compromising research and harming policymaking.
Antitrust and Competition

The Shortcomings of Merger Policy Based on the Herfindahl-Hirschman Index

Eric Dunaway
In new research, Eric Dunaway, Ana Espinola-Arredondo, and Felix Munoz-Garcia examine the Herfindahl-Hirschman Index (HHI) as a tool for merger review and show where it diverges from the consumer-surplus and total-welfare standards. In particular, the HHI fails to account for potential efficiency gains.
Democracy

Rule of Law Backsliding May Not Hurt Trade—And Why That’s a Problem

Janka Deli
In new research, Janka Deli analyzes the relationship between the decline in the rule of law and trade. Contrary to democratic and developmental theory, she finds that declines in the rule of law, as seen in Hungary, Poland, and Czechia, do not lead to systematic reductions in trade with other EU partners.  
Race and Gender

How Race Shapes Americans’ Views of Fairness and Trade

Daniel Lobo
In new research, Daniel Lobo and Ryan Brutger theorize that American concepts of fairness are shaped by race and lived experiences. In a national survey experiment, they confirm that white and Black Americans view differently what constitutes “fair” trade policy.
Culture & Society

Happiness Among Americans Plummeted During Covid. It Has Not Recovered Since

ProMarket writers
In new research, Sam Peltzman finds that Americans are significantly less happy than they were before Covid-19, even with the pandemic now in the rearview mirror. Those groups that had fared the best before Covid—white Americans, the wealthiest, college educated, and Republicans—were hit the hardest.
Health Care

How Competition Has Increased Fraud in Medicare’s DME Program

Renuka Diwan
In new research, Renuka Diwan, Paul Eliason, Riley League, Ryan C. McDevitt, James W. Roberts, and Jetson Leder-Luis investigate how Medicare’s shift to a competitive bidding system to reduce prices has inadvertently shifted market share to fraudulent suppliers.
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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.