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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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Latest news

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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Economic History Series

How Protests Against the Jim Crow Credit Market Changed the Civil Rights Movement

Mehrsa Baradaran
Before the civil rights movement captured the nation’s attention, activists and community groups were protesting against exploitative credit and exclusionary lending practices...
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Corporate Governance

George Stigler and the Challenge of Democracy

Anat Admati
We are all victims of what George Stigler described as “the pervasive use of state support of special groups” and of governance...
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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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