Research

Why Google’s Dominance in Search Persists – And How to Fix It

A new field experiment sheds light on why Google continues to dominate the search engine market despite regulatory interventions and the availability of alternatives. The authors find that while Google offers higher quality, consumer overestimation of this advantage—along with inattention and default effects—helps entrench its market power and limits the effectiveness of proposed antitrust remedies.

Does Media Consolidation Put the Fourth Estate at Risk?

The concentration of news media has spurred concerns about their ability to protect the marketplace of ideas integral to the functioning of democracy. Based on new research, Marcel Garz and Mart Ots discuss why media consolidation may not lead to lower journalistic quality but still affects society through a decline in local news and original content.

A TikTok Ban Would Raise Ad Prices on Meta and Harm Small Business

In new research, Dante Donati and Hortense Fong find that the brief TikTok outage in January benefited Meta as advertisers turned to its platforms to reach users. Small businesses, less able to switch, lost out.

Can Middleware Save Social Media From Big Tech?

Big Tech’s monopoly over online discourse threatens democracy. "Middleware" promises a path forward by adding competitive, customizable layers of recommendation algorithms. But can middleware...

Why Rising Markups Hurt Innovation and Widen Inequality

Over the past four decades, the United States has seen rising market power, slowing productivity growth, and deepening wealth inequality. In new research, Giammario...

Lessons From General Electric Show Why We Need a Merger Cap

In new research, Carl T. Bogus uses General Electric as a case study to argue that regulators should prohibit companies that have reached a certain size from growing through mergers and acquisitions due to more common inefficiencies and their outsized harms to stakeholders and society.

For My Enemies, Tariffs; For My Friends, Exemptions

New research from Veljko Fotak, Hye Seung Grace Lee, William Megginson, and Jesus Salas shows that the United States tariff exemption process during the...

New Research Shows the Revolving Door Costs Taxpayers Billions

New research by Logan Emery and Mara Faccio systematically maps the movement of former regulators into the private sector and assesses its impact on...

Peltzman Finds “Marriage Premium” in Happiness Data

New research by Sam Peltzman finds that married individuals consistently report significantly higher happiness levels than unmarried individuals across all demographics. Using five decades...

ESG Investing Pushes Firms To Evolve Corporate Governance

In new research, Jitendra Aswani and Roberto Rigobon find that investments raised on sustainable bond markets force firms to make material changes to corporate...

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