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RESEARCH

Antitrust and Competition

Green Antitrust: Why Would Restricting Competition Induce Sustainability Efforts?

Maarten Pieter Schinkel, Leonard Treuren
While “green” antitrust is gaining momentum, its key premise—that restricting competition would incentivize companies to jointly take more sustainability initiatives—finds little or...
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Commentary

Why We Need to Stop Relying On Patents to Measure Innovation

Gary N. Smith, Jeffrey Funk
Patent databases may be a smoke screen that hides the true issues, problems, and dynamics of innovation behind the illusion that innovation...
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Corporate Governance

Public’s Perception of Large Corporations Has Direct Impact on the Public Support of Corporate Bailouts

Emanuele Colonnelli, Niels J. Gormsen
A new Stigler Center working paper finds that the likelihood of someone signing an online petition or contacting their US senators to...
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News

“Drive and Wave”: In Response to 1998 Police Reform, LAPD Officers Disengaged from Policing

Jana Kasperkevic
A new paper documents how LAPD officers responded to two police reforms—one in 1998 and one in late 2002. It finds that...
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Coronavirus

One Year Into the Pandemic: Who Maintains Social Distancing and Who Doesn’t

Tim Besley, Sacha Dray
A new study measures factors associated with the adoption of social distancing across America and finds that widespread adoption of social distancing...
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Corporate Governance

Do Employees Benefit From Worker Representation on Corporate Boards?

Magne Mogstad, Ola L. Vestad, Peter Nilsson, Christine Blandhol
Mandated legislation of worker representation is unlikely to be the magic bullet some policy-makers have pictured. A new paper finds workers may...
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Corporate Governance

Do Companies Invest In Corporate Social Responsibility At the Expense of Their Employees?

Guglielmo Briscese
The past decade has seen companies increasing investments in initiatives of corporate social responsibility (CSR), such as donating a share of profits...
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Corporate Governance

Millennials and Gen Z Are Willing to Accept Lower Wages to Work in More Sustainable Firms

Daniel Metzger, Philipp Krüger, Jiaxin Wu
Firms in more environmentally friendly sectors are better able to attract and retain talent and at lower wages. Millennials and Gen Z,...
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Corporate Governance

How Corporate Purpose Affects Firms

Claudine Gartenberg
A company’s purpose is a core aspect of the organization: it influences the financial performance of company, and relates to its ownership...
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News

What Happens When Multinationals Appear in Reporting on Activist Assassinations? High-Profile Media Has Bite

David Kreitmeir, Nathaniel Lane, Paul Raschky
A new report finds that being linked to human rights abuses—merely appearing in reporting around high-profile events—can significantly influence a company’s stock...
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Antitrust and Competition

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

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

Electoral College Reform: New Problems or Real Solutions?

Laurent Bouton, Micael Castanheira, Garance Genicot
Each electoral system creates specific incentives to (mis)allocate government resources. Would putting the National Popular Vote (NPV) in lieu of the Electoral...
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Antitrust and Competition

When Do Users Benefit From Platform Mergers?

Chiara Farronato, Jessica Fong, Andrey Fradkin
A new paper shows that platform mergers can harness network effects at the cost of reducing the platform differentiation that users value. 
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Economic History Series

Harold Demsetz and Israel Kirzner Understood That Competition Regulates Markets

Peter J. Boettke, Rosolino A. Candela
Economists Harold Demsetz and Israel Kirzner challenged the prevailing orthodoxy in microeconomic analysis and public policy beginning with their respective work in...
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Antitrust and Competition

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

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

Who Benefits From Competitive State-Level Legislatures?

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

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

Jens Frankenreiter, Cathy Hwang, Yaron Nili, Eric Talley
Three decades of finance, economics, and legal studies in corporate governance have been built substantially on data sets with nearly unknown provenance....
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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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