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Research and Papers

Antitrust and Competition

Is There Really a Conflict Between Better Corporate Governance and More Competitive Product Markets?

Miguel Antón, Florian Ederer, Mireia Giné, Martin Schmalz
A new study shows that the supposed tradeoff between better corporate governance and more competitive product markets may not exist. More commonly-owned...
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Antitrust and Competition

The Non-Revolving Door Between the SEC and the Plaintiffs’ Bar

Alexander I. Platt
Nowhere does the “revolving door” spin more quickly than at the Securities and Exchange Commission. But, even at the SEC, not all...
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News

Barking Up the Right Tree: How Shareholder Activists Raise Issues to Placate Large Mutual Funds

Manish Jha
A new paper examines whether shareholder activists tailor their campaigns to persuade large institutional investors and finds that in proxy communications, activists...
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Coronavirus

Covid-19 Surges Drive Up Demand – and Pay – For Nurses Willing To Travel

Joshua Gottlieb
Covid-19 surges have led to spikes in demand for short-term nurses across the United States. A new paper finds nurses travel longer distances, and...
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News

Judges Who Use Economic Reasoning in Court Decisions Rule In Favor of Business More Often

Siying Cao
A new paper finds that judges who attended law schools with a strong law-and-economics intellectual environment use more economic reasoning, which is positively correlated with...
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News

Reversing the “Resource Curse” with Foreign Corruption Regulation

Thomas Rauter
Anti-corruption regulation originating in developed countries is effective in changing corporate behavior and has a positive economic impact on developing countries.
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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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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

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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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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