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Research and Papers

Coronavirus

Why Social Distancing Measures Seem Less Effective in the US

Gabriele Borg, Samuele Giambra, Samsun Knight
Guidelines assume that the less people move around, the less likely they are to be in contact. However, phone location data show...
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Coronavirus

How Are Americans Coping With the Covid-19 Crisis? 7 Key Findings From a Household Survey

Marianne Bertrand, Guglielmo Briscese, Maddalena Grignani
New research from the Rustandy Center and the Poverty Lab at the University of Chicago finds that lower-income Americans, especially women,...
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RESEARCH

How to Restart the Economy and Save Lives: Simulations on Northern Italy

Carlo Favero, Andrea Ichino, Aldo Rustichini
Italian officials have to choose the optimal strategy to end the lockdown. A policy that sends all the active population back to...
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Coronavirus

Insider Trading Data Reveals Pandemic Is a Time for Questioning, Not Answering

Renée Adams, Attila Balogh
Following news reports about executives selling shares in their corporations to avoid losses due to the pandemic, a new study takes a...
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Coronavirus

How Inequality Hurts the Economy and Complicates Policy Responses to the Pandemic

Atif Mian, Amir Sufi, Ludwig Straub
In the years leading up to the pandemic, rising inequality created a saving glut of the rich which pushed down interest rates...
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Inequality

Inequality Has Increased Far Less Than You Think (If You Consider Social Security Benefits)

Sylvain Catherine, Max Miller, Natasha Sarin
In the United States, Social Security accounts for nearly 60 percent of the total wealth of the bottom 90 percent. Once Social Security is...
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Coronavirus

Covid Economics: The Marcoeconomic Impact of the Pandemic and Policy Responses

Joost Sijthoff
ProMarket reviews the most recent and interesting academic papers on the ongoing pandemic: One paper argues that people do not always fully internalize the...
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Coronavirus

From Borrowing to Stockpiling: How The Virus Outbreak Changed American Household Consumption

Scott R. Baker, Constantine Yannelis, Steffen Meyer, Michael Pagel, R. A. R. A. Farrokhnia
The first academic study of American consumers' reaction to the pandemic finds that total spending rose by half between February 26 and March 11,...
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Coronavirus

Managing Expectations Is Critical to Ensure Compliance with Stay-at-Home Measures

Mario Macis, Guglielmo Briscese, Nicola Lacetera, Mirco Tonin
A study of a representative sample of Italians finds that 50 percent of respondents reported having adopted all recommended actions, including staying at home,...
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Antitrust and Competition

The Darkest Side of Monopsony: The South Korean Case

Sangin Park
"Chaebols”, large business groups controlled by founder families, are usually considered a crucial ingredient of South Korea's economic miracle. But after a process of...
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Antitrust and Competition

The Challenges to (Re)forming a Platform Economy for the People

Ariel Ezrachi, Gene Kimmelman
Measured antitrust enforcement and a more comprehensive regulatory regime can ensure that we continue to benefit from digital markets. In attempting to...
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News

Spectrum Auctions: There Is Elegance in the Mundane

Anthony Lee Zhang
As a student, Booth School Professor Anthony Lee Zhang was puzzled that Paul Milgrom chose to spend so much of his time...
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Antitrust and Competition

Antitrust as Economic Stimulus

Hal Singer, Marshall Steinbaum
By attacking power imbalances, competition policy can steer income to workers and independent merchants who are more inclined to spend than monopoly...
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Antitrust and Competition

The Monopolists and the Pandemic: What Covid-19 Teaches Us About Concentrated Power

Barry C. Lynn
In the preface of his new book Liberty from All Masters: The New American Autocracy vs. the Will of the People, Barry...
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Media

Bethany McLean’s Weekend Reading List: Insider Trading, Central Banking, and the Fall of the CDC

Bethany McLean
Corruption, lobbying, corporate malfeasance, and frauds: a weekly unconventional selection of must-read articles by investigative journalist Bethany McLean. 
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Antitrust and Competition

“Amazon Is Getting Richer by the Moment —But There’s a Limit to How Many People Jeff Bezos Can Buy”

Asher Schechter
In an interview with ProMarket, Barry Lynn discusses the current state of American antimonopoly, what the Covid-19 crisis has taught us about...
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News

Politics, Inconsistent Economic Policies, Destructive Dissatisfaction: The Roots of Hong Kong’s Malaise

Bernard Yeung
In 2019, proposed amendments to the Extradition Bill triggered social unrest that has lasted for more than a year. Moving forward, Hong...
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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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