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Research and Papers

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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Coronavirus

Why More Elderly People Get Infected in Some Countries Compared to Others

Christian Bayer, Moritz Kuhn
Italy has a mortality rate of 6 percent while countries like Norway, Denmark, and Germany have rates still close to zero percent. The...
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Academic Capture

Are the Findings in Academic Economic Journals to be Trusted?

Abel Brodeur
A growing number of studies provide evidence that editors (and referees) of academic journals often publish only findings showing a significant effect or surprising...
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Academic Capture

The World Bank's "Papergate": Censorship Is Not the Best Way to Stop Development Aid From Fueling Corruption

Stefano Feltri
A new study of World Bank data finds that aid disbursement to highly aid-dependent countries coincides with sharp increases in bank deposits in offshore...
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Antitrust and Competition

The Real Price of Health Data: Americans Don’t Want to Share Their Records for Free

ProMarket writers
The 2019 Chicago Booth/Kellogg School Financial Trust Index survey shows that 93 percent of participants don’t want to share their health data with digital...
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Antitrust and Competition

How Allowing a Little Bit of Dissent Helps the Chinese Government Control Social Media

Zhenqi Jessie Liu
A new study on three major social networks in China finds that tolerating small, relatively free platforms helps the Chinese government maintain sufficiently high...
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Academic Capture

Data-Driven Ideology: The Problem With Economists' Takeover of Policymaking

Stefano Feltri
According to New York Times journalist Binyamin Appelbaum's recent book The Economists' Hour, economics is not the unbiased science that it pretends to be, but...
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Latest news

Coronavirus

Female Academics Are Disproportionately Affected By Covid-19 Disruptions In Childcare

Tatyana Deryugina, Olga Shurchkov, Jenna Stearns
A new paper finds that academics who are parents to young children, and especially mothers, have lost a significant amount of research...
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Antitrust and Competition

Rethinking Competition: From Market Failures to Ecosystem Failures

Michael G Jacobides, Ioannis Lianos
Despite the overwhelming importance of digital platforms, and the chatter around their recent rise, our understanding of digital ecosystems is still limited....
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Corporate Governance

A Famed Economist’s Public Company U-Turn

Brian Cheffins
Michael Jensen, a leading late 20th century economist, pivoted from praising public companies in the 1970s to assailing public company governance in...
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Antitrust and Competition

Chinese Antitrust 2.0: Why Is China Going After Its Big Tech?

Jana Kasperkevic
In an interview with ProMarket, Angela Huyue Zhang, author of a new book Chinese Antitrust Exceptionalism, discusses the motivations behind the recent...
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Antitrust and Competition

Preventing Drug Shortages and Saving Lives: The Role of Quality and Reliability Standards

Rena Conti, Fiona Scott Morton, Adam Kroetsch, Stephen Colvill, Mark Rosenberg
Prescription drug shortages have become more common in recent years, interrupting usual medical care and increasing patient risk and system costs, but...
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Antitrust and Competition

Facebook Break-up Can Be Feasible, Efficient, and Ultimately Beneficial to Consumers

Paolo Buccirossi, Emilio Calvano, Tomaso Duso
Is the relief sought by the FTC in its case against Facebook the right way to go? In principle, yes. However, the...
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Antitrust and Competition

A Simple Way to Measure Tipping in Digital Markets

Nicolas Petit, Natalia Moreno Belloso
Digital markets are prone to “tipping.” Policymakers are starting to look at tipping as a market failure worthy of consideration. But as...
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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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