Academic Capture

Uber and the Sherlock Holmes Principle: How Control of Data Can Lead to Biased Academic Research

How can we ensure that academic journals do not become an unintended instrument in the PR efforts of powerful firms? Luigi Zingales offers some...

Aaron Director and the Empirical Foundation for the Chicago Attitude on Antitrust

Empirical evidence, not just disembodied theory, was an important building block of Director’s view that competition could defeat concentration, writes Daniel Kuehn. Editor's note: Aaron...

A Fair Amount of Freedom for Everyone: Aaron Director Did Have Ideals

David Henderson of the Hoover Institution defends the legacy of Aaron Director, the most enigmatic among the founders of the so-called "Chicago School." Director, argues...

Presenting: The Stigler Center’s Report on How to Rein in Big Tech

The Stigler Center presents its policy suggestions on how to address the political and economic issues raised by the market power of tech platforms...

Call for Papers: Academic Lobbying

Ahead of our fourth annual Theory of the Firm conference, we are soliciting papers dedicated to the topic of academic lobbying.     Three years ago,...

Protecting the Independence and Integrity of Research: Introducing the Academic Capture Warning System

Inappropriate financial donor influence at institutions of higher education appears to be on the rise and risks eroding public trust in academic research. In...

“Economics Now Points Away From the Laissez-Faire Approach”

Columbia professor Suresh Naidu on Economics for Inclusive Prosperity, the new initiative he launched with Dani Rodrik and Gabriel Zucman, and why he believes...

“US Regulators Have Essentially Become Do-Nothing Institutions”

In an interview with ProMarket, Jonathan Tepper talks about the rise of America’s oligopoly problem, why he believes antimonopoly is not a left-right issue,...

Mercenary Science: How Corporate Partnerships Can Corrupt Public Universities

UC Berkeley’s disastrous partnerships with Novartis and BP are cautionary examples of all that could go wrong when public universities allow private interests to...

Pursuers of Truth or Peddlers of Influence?

Academic capture by donors threatens norms of independence and integrity at institutions of higher education, argue faculty members from Saint Louis University. Our university recently received the...

Latest news

George Stigler on Henry Simons, “Crown Prince” of the Chicago School

To mark 75 years since the passing of Henry Simons, professor of Economics and Law at the University of Chicago, ProMarket is...

Electoral College Reform: New Problems or Real Solutions?

Each electoral system creates specific incentives to (mis)allocate government resources. Would putting the National Popular Vote (NPV) in lieu of the Electoral...

When Do Users Benefit From Platform Mergers?

A new paper shows that platform mergers can harness network effects at the cost of reducing the platform differentiation that users value. 

Harold Demsetz and Israel Kirzner Understood That Competition Regulates Markets

Economists Harold Demsetz and Israel Kirzner challenged the prevailing orthodoxy in microeconomic analysis and public policy beginning with their respective work in...

The Covid-19 Pandemic Should Not Delay Actions to Prevent Anticompetitive Consolidation in US Health Care Markets

Harvard Business School professor Leemore Dafny lays out potential reforms to assist agencies in halting anticompetitive acquisitions and practices, and to preserve...

Who Benefits From Competitive State-Level Legislatures?

A new paper finds that when interparty competition in state legislatures is high, well-connected and influential incumbent firms are best able to...

No More “Mystery Meat”: Why We Need Better Corporate Governance Data

Three decades of finance, economics, and legal studies in corporate governance have been built substantially on data sets with nearly unknown provenance....