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The Equitable Economy

Antitrust and Competition

Opening the Black Box: The Hidden Costs of Data-Driven Mergers in Health Care

Theodosia Stavroulaki
Vertical data-driven mergers between health insurers and drug suppliers may facilitate health insurers’ efforts to discriminate against vulnerable populations, leaving them without meaningful access...
Income Inequality

Most Americans Consider Themselves Middle-Class. But Are They?

Jeffrey Wenger
There are different ways of determining who should be considered middle-class. But there is one thing they have in common: all reveal that the...
Antitrust and Competition

Barriers to Entry as Another Source of Top Income Inequality

Philippe Aghion
A new book, The Power of Creative Destruction, explores how lobbying contributes to the increase in the top 1 percent’s share of income. An...
Economic History

What Stakeholder Capitalism Can Learn From Jensen and Meckling

Alex Edmans
Jensen and Meckling’s 1976 article is an academic classic, but heavily criticized by stakeholder capitalists for arguing that corporate structures should be designed to...
Income Inequality

What the US Can Learn From Denmark About Inequality and Social Mobility

James J. Heckman
Denmark has many generous social policies that American progressives seek to emulate. Yet Denmark also has substantial inequality of child outcomes across social and...
Antitrust and Competition

“I Wanted to Call People’s Attention to the Extent of Amazon’s Takeover of Washington”

Asher Schechter
In an interview with ProMarket, author and ProPublica reporter Alec MacGillis discusses the rise of Amazon and regional inequality, the role of politics in...
Economic History

The Most Famous Article on the Theory of the Firm is Widely Misunderstood

Brian Cheffins
Michael Jensen and William Meckling’s famous 1976 Journal of Financial Economics article has been cited nearly 100,000 times and is often regarded as a...
Covid-19

The Unequal Toll of Covid-19

Neha Deopa
A pandemic is by definition universal but while it is true that the Covid-19 outbreak has affected everyone, it has not done so equally....
ESG, Corporate Governance & Future of the Firm

Public’s Perception of Large Corporations Has Direct Impact on the Public Support of Corporate Bailouts

Emanuele Colonnelli
A new Stigler Center working paper finds that the likelihood of someone signing an online petition or contacting their US senators to support corporate...
ESG, Corporate Governance & Future of the Firm

Holding Corporations and Executives Accountable Depends on Our Legal System

Vikramaditya Khanna
How can the law prevent and deter corporate wrongdoing? The answer might lie in identifying what factors are associated with greater wrongdoing and how...
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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.