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RESEARCH

Academic Capture

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Research and Papers

Coronavirus

The Covid-19 Vaccine is Nearly Here. The Question is: Will People Take It?

Barry Eichengreen, Cevat Giray Aksoy, Orkun Saka
In addition to the challenges involved in manufacturing and distributing the new Covid vaccine from Pfizer, the reluctance of many Americans to...
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News

Don’t Blame Trump for the “Turbulent Twenties”. Blame Inequality.

Jana Kasperkevic
Years ago, two academics predicted that an increase in economic inequality would lead to a period of political instability in 2020. Since...
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Coronavirus

Covid-19 Is Reducing Americans’ Confidence Across Institutions

Marianne Bertrand, Guglielmo Briscese, Maddalena Grignani, Salma Nassar
Latest US household survey findings reveal that the Covid-19 crisis caused a sharp reduction in Americans’ confidence in institutions—whether or not they...
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Coronavirus

Defying Expectations, Bankruptcy Filings Are Down During the Covid-19 Crisis So Far

Jialan Wang, Jeyul Yang, Ben Iverson, Raymond Kluender
Historically, bankruptcy filings have closely tracked the business cycle and unemployment rates. However, a recent study found that this relationship has reversed...
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News

Central Bankers Face Potential Conflict of Interest When Writing About QE Policies

Elisabeth Kempf, Lubos Pastor
As Quantitative Easing makes a return during the global Covid-19 pandemic, its effectiveness has once again come under intense debate in both...
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Coronavirus

Regulators Should Keep a Close Eye on the Little Guys in the Race for a Covid-19 Vaccine

Jérôme Adda, Christian Decker, Marco Ottaviani
As the race to find a Covid-19 vaccine or treatment rages on, many have raised concerns over trustworthiness of clinical research and...
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Academic Capture

“Doubt is Their Product”: The Difference Between Research and Academic Lobbying

Tommaso Valletti
Tommaso Valletti, the former Chief Competition Economist of the European Commission, reflects on the intersection of academic economics and policymaking and offers...
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Friedman 50 Years Later

Pursuing Stakeholder Capitalism Is an Impossible Task When Stakeholders Have Different Beliefs

Marc Painter
Can companies really attempt to benefit all stakeholders, when stakeholders rarely agree on the best course of action? A new study examines...
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Friedman 50 Years Later

The Illusory Promise of “Stakeholderism”: Why Embracing Stakeholder Governance Would Fail Stakeholders

Lucian Bebchuk, Roberto Tallarita
Stakeholderism—granting corporate leaders discretion to give weight to the interest of all stakeholders—should not be expected to deliver its purported benefits to...
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Antitrust and Competition

Competition in Digital Markets: What Have We Learned So Far?

Filippo Maria Lancieri, Patricia Morita Sakowski
A new Stigler Center working paper systematically analyzed and summarized 21 reports issued by 17 antitrust authorities and expert panels on the...
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Latest news

News

President-Elect Joe Biden and the Real Lessons of DuPont

Guy Rolnik, Roy Shapira
Simply talking corporate America into being more responsible is not enough. It may get corporations to talk the talk, but not to...
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Corporate Governance

How Companies Spin Off Environmental Liabilities to Avoid Legal Obligations

David F. Larcker, Andrew Baker, Brian Tayan
Environmental externalities are vexing for corporate decision makers, but some companies have figured out a way to deal with them: a spinoff....
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Coronavirus

How Pfizer’s Vaccine Announcement Demonstrates the Political Power of Firms

John M. Barrios, Luigi Zingales
By timing the disclosure of the results of its vaccine trial, Pfizer could have influenced the 2020 presidential election. This is worrisome...
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Antitrust and Competition

The Useful Distraction of Section 230

David Carroll
How the red-herring of a politicized Section 230 and “conservative censorship” distracts from a bipartisan national privacy act.
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Antitrust and Competition

Institution Man: How Corporations Came to Dominate the US Economy

Nicholas Lemann
In the first chapter of his book Transaction Man, Nicholas Lemann explores how Adolf Berle, author of The Modern Corporation and Private...
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Antitrust and Competition

Kicking Around Section 230: Don’t Confuse Politics and Policymaking

Randy Picker
Congressional hearings may make for good TV and viral social media posts, but reforming Section 230 would be more difficult than it...
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Antitrust and Competition

Big Tech Platforms and Schumpeter’s Creative Destruction

Nicolas Petit
Schumpeter’s indirect entry theory fits the average tendencies of competition in digital industries. When the model is added to standard assumptions and...
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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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