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The Equitable Economy

Antitrust and Competition

Now Is the Time To Correct Residency Match and (Especially) Other Competition Issues in the Physician Market

Barak Richman
Barak Richman writes that the recently announced investigation of the House Judiciary subcommittee for antitrust into the residency match antitrust exemption presents an opportunity...
Book Excerpts

The Promise of Charity-Owned Businesses

Prateek Raj
A future of business may be businesses owned by charities; they have a history of commercial success and social good. The following is an...
Antitrust and Competition

The FTC’s Continued Focus on Labor Will Fail Without a Whole-of-Government Approach

Randy Kim
The Federal Trade Commission under Chair Andrew Ferguson has surprised many by continuing its predecessor’s emphasis on protecting labor markets. Randy Kim writes that while this is a welcome development, it will do little to help workers if President Donald Trump does not also continue his predecessor’s whole-of-government approach. Early indications suggest he will not.
Antitrust and Competition

Why Rising Markups Hurt Innovation and Widen Inequality

Giammario Impullitti
Over the past four decades, the United States has seen rising market power, slowing productivity growth, and deepening wealth inequality. In new research, Giammario...
Democracy

Donald Trump’s Authoritarian Playbook Is Based on Failures of US Corporate Democracy, not Foreign Dictators

Sarah C. Haan
Sarah Haan writes that to understand American authoritarianism, it’s less useful to analyze the strategies of elected dictators around the globe than to look at how corporate leaders in the United States have rigged corporate democracy.
ESG, Corporate Governance & Future of the Firm

ESG Investing Pushes Firms To Evolve Corporate Governance

Jitendra Aswani
In new research, Jitendra Aswani and Roberto Rigobon find that investments raised on sustainable bond markets force firms to make material changes to corporate...
Book Excerpts

Getting America Unstuck

Yoni Applebaum
The following is an excerpt from Yoni Appelbaum’s new book, “STUCK: How the Privileged and the Propertied Broke the Engine of American Opportunity,” now out...
Antitrust and Competition

American Capitalism Must Reorient Toward the Long Term

David Teece
David J. Teece and Aurelien Portuese argue that short-term thinking in American corporate governance, antitrust, and regulation is hampering American innovation and success even as other countries invest in their firms to dominate frontier markets.
ESG, Corporate Governance & Future of the Firm

Concerns About Layoffs and CEO Pay Dominate Shareholder Preferences

Zwetelina Iliewa
A new study by Zwetelina Iliewa, Elisabeth Kempf and Oliver G. Spalt finds that Americans often prioritize moral values over financial gains when evaluating...
ESG, Corporate Governance & Future of the Firm

Finding the Right Mix of Corporate and Individual Liability To Deter Organizational Misconduct

Jennifer Arlen
In recent research, Jennifer Arlen and Lewis A. Kornhauser develop a new model to understand how countries should approach and balance corporate and individual...
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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.