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Research and Papers

Antitrust and Competition

What Are They Hiding? What Firms Don’t Want Us to Know About Their Economic Development Incentives

Nathan Jensen, Calvin Thrall
State and local governments offer firms all kinds of incentives in hopes of spurring local economic development. New research finds that a...
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News

How Unusual is the Recent Boom in Profits and Values of US Listed Corporations?

Dmitry Kuvshinov, Kaspar Zimmermann
In the past decades, the US stock market and business profits have been growing much faster than the rest of the economy....
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Coronavirus

The Digital Divide During Epidemics: Who Benefits From New Financial Technologies?

Orkun Saka, Barry Eichengreen, Cevat Giray Aksoy
A new paper finds that exposure to an epidemic in the current year significantly increases the likelihood that an individual completes financial...
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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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Latest news

Antitrust and Competition

How Will the FTC Evaluate Vertical Mergers?

Carl Shapiro, Herbert Hovenkamp
The Federal Trade Commission’s recent withdrawal of its 2020 vertical merger guidelines is flatly incorrect as a matter of microeconomic theory and...
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Antitrust and Competition

Announcing the Participants in the Fall 2021 Stigler Center Journalists in Residence Program

ProMarket writers
This month, the Stigler Center will welcome eight world-class journalists from the United Kingdom, Brazil, China, Romania, Ukraine, Slovenia, and the United...
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Antitrust and Competition

The Roots of America’s Competition Revolution

William E. Kovacic
Proponents of the current transformation in America’s competition policy managed to shape legislative reform proposals, push public antitrust agencies to boost enforcement, and successfully...
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Economic History Series

Looks Can Be Deceiving: Ronald Coase and the Chicago School

Steven Medema
Ronald Coase is typically thought of as one of the Chicago School’s brightest lights. But Coase’s relationship with Chicago was always an...
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Antitrust and Competition

A New Browser Extension Aims to Bring Transparency to Big Tech Funding

Jana Kasperkevic
As Congress prepares to debate a series of new antitrust bills​, the​ Big Tech Funding browser extension encourages lawmakers to be mindful...
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Antitrust and Competition

What Are They Hiding? What Firms Don’t Want Us to Know About Their Economic Development Incentives

Nathan Jensen, Calvin Thrall
State and local governments offer firms all kinds of incentives in hopes of spurring local economic development. New research finds that a...
Read more
Corporate Governance

Two Years After the Business Roundtable Statement: Pointing in the Right Direction

Margaret Blair
The 2019 Business Roundtable statement was a welcome break from the position that the nation’s top corporate CEOs took in 1997, when...
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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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