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RESEARCH

Coronavirus

Social Distancing Laws Cause Only Small Losses of Economic Activity: Scandinavian Countries as a Case Study

Adam Sheridan
A new study compares the economic performance of Sweden, which avoided a government-mandated shutdown and allowed businesses to operate freely during the...
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Antitrust and Competition

When Big Tech Firms Buy Startups, Antitrust Enforcers Should Take Notice

Michael L. Katz
A frequent argument made in favor of allowing Big Tech firms to acquire smaller firms is that permissive merger policy promotes innovative...
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Coronavirus

The Persuasive Effect of Fox News: How Increases in Fox News Viewership Reduced Compliance With Social Distancing Guidelines

Jean-Pierre Dubé, Andrey Simonov, Szymon Sacher, Shirsho Biswas
Using zip-code level data on Fox News viewership and individual cellphone movement data, a recent study finds that increasing the local viewership...
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Inequality

Police Stops of Black Drivers Increase Following Trump Rallies, New Study Suggests 

Pauline Grosjean, Federico Masera, Hasin Yousaf
A new study looks into how Trump's 2016 presidential campaign affected police behavior toward Black Americans and finds that the probability that...
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Corporate Governance

How Hedge Fund Performance Fees Fail Investors

Itzhak Ben-David, Justin Birru, Andrea Rossi
In the hedge fund industry, there is a material disconnect between funds’ lifetime performance and lifetime incentive fees for managers. A new...
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Corporate Governance

Do People Think Finance Benefits Society?

Manish Jha, Hongyi Liu, Asaf Manela
A new paper seeks to measure popular sentiment toward finance based on mentions of “finance” in millions of books, spanning eight languages...
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Coronavirus

How Personal Experiences With Covid-19 Are Changing Americans’ Behaviors and Political Views

Marianne Bertrand, Guglielmo Briscese, Maddalena Grignani, Salma Nassar
While strong divisions persist across party lines, personal experiences with Covid-19, such as loss of income, may affect views and preferences among...
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News

Prison Labor Can Create Perverse Incentives for Incarceration and Reduce Trust in Legal Institutions

Belinda Archibong, Nonso Obikili
Government proponents of prison labor should be mindful of the potential for negative effects, including increased incarceration rates and citizens’ deteriorating views...
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Coronavirus

Tailoring Lockdowns for Developing Countries

Titan Alon, Minki Kim, David Lagakos, Mitchell VanVuren
The Covid-19 pandemic has decimated livelihoods in developing nations, and coronavirus-related deaths are rising in Africa and South Asia at an alarming...
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Coronavirus

Can Covid-19 Erode Young Individuals’ Trust in Politics for Decades to Come?

Cevat Giray Aksoy, Barry Eichengreen, Orkun Saka
A new study shows that exposure to an epidemic during one's “impressionable years” (18-25) has a persistent negative effect on trust in...
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Antitrust and Competition

“An Offer We Can’t Refuse”: How We Gave Away Our Data and Made Big Tech What It Is Today

Tommaso Valletti
WhatsApp’s new terms of service should come as no surprise. For years, Big Tech has been offering its users these “take it...
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Antitrust and Competition

Paul Romer: “If You Think Moderation is Censorship, You’ve Got a Competition Problem”

Jana Kasperkevic
During a Stigler Center keynote webinar, Nobel laureate Paul Romer discussed concentration problems in the US and possible solutions, including a “pigouvian”...
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Digital Platforms

The “Next Frontier of Propaganda”: Micro-Influencers are Paid to Spread Political Messages, Disinformation

Jana Kasperkevic
Online influencers aren’t in the business of promoting just products anymore. New research finds that micro-influencers are increasingly used to spread political...
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Antitrust and Competition

Digital Markets Act: Policy Choices and Conditions for Success

Alexandre de Streel
Last month, the European Commission introduced an ambitious new set of rules for digital platforms, the Digital Markets Act. Here is what...
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Antitrust and Competition

The Silent Coup

Luigi Zingales
President Donald Trump's seditious actions are exposing the political power that Twitter, Amazon, Google, Apple, and Facebook enjoy. Banning him from their...
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Antitrust and Competition

How Will the Digital Markets Act Regulate Big Tech?

Cristina Caffarra, Fiona Scott Morton
While the recently introduced Digital Markets Act rules might change prior to final approval, there is a lot to consider already. What...
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Coronavirus

Covid-19 Aggravates Existing Income, Gender, and Race Inequalities, and Further Increases Political Divisions

Marianne Bertrand, Guglielmo Briscese, Maddalena Grignani, Salma Nassar
Seventy percent of Americans know someone who tested positive; one in five know someone who died from coronavirus, survey shows.
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