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The Role of the State

Antitrust and Competition

Antitrust Needs Better Models for Estimating Social Welfare in the Digital Age

Seth G. Benzell
In a forthcoming article, Seth Benzell and Felix Chang explore how antitrust regulators can use insights from a new quantitative model of Facebook that...
Regulation

Destabilizing Digital “Bank Walks”

Naz Koont
Bank regulators have always assumed that bank deposits are ‘sticky,’ but the advent of digital banking is changing that. New research focuses not on...
Regulation

Electricity Markets Must Liberalize if We Are To Decarbonize Energy

Matteo Romagnoli
In new research, Matteo Romagnoli argues that for the electricity sector to decarbonize as part of the broader green transition, regulators must liberalize markets...
Antitrust and Competition

Data, Context and Competition Policy

Elettra Bietti
Data has a tendency to be misunderstood. It is often compared to a raw material like oil, waste, or capital. Elettra Bietti argues that...
Commentary

A Directorship at a Federal Reserve Bank is Good News for Banks, but May be Bad News for the Fed

Renée Adams
Far before the collapse of SVB, I provided systematic evidence that banks appear to benefit from their directorships on Federal Reserve Banks. The fact...
Fiscal Policy

Biden’s Second-Best Economic Agenda

Walter Frick
Efficiency is out and political economy is in. But what does that imply about making good policy? When Barack Obama was asked about carbon pricing...
Monetary Policy

The Fed and Bank Failures

Raghuram Rajan
Viral Acharya and Raghuram Rajan explain how quantitative easing contributed to the problems underlying the recent bank failures such as that of Silicon Valley...
Antitrust and Competition

Self-Preferencing Theories Need To Account for Exploitative Abuse

Patrice Bougette
Patrice Bougette, Oliver Budzinski, and Frédéric Marty argue in their research that antitrust authorities on both sides of the Atlantic must take into consideration...
Antitrust and Competition

Startup Acquisitions Have Undecided Effects on Innovation and Economic Growth

Christian Fons-Rosen
Startups are a major driver of innovation, but many startups are acquired by large incumbents. Do these acquisitions stifle innovation or promote it? While...
Regulation

Letters that Matter: How Interest Groups Shape Financial Legislation

Renée Adams
Members of Congress are inundated with an avalanche of correspondence on a daily basis. But what persuades them to heed the call? Recent research...
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The publication of the Stigler Center at The University of Chicago Booth School of Business

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.