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Antitrust and Competition

How Does Party-State Capitalism In China Interact With Global Capitalism?

Margaret M. Pearson
Excerpted from The China Questions 2: Critical Insights Into Us-China Relations, edited by Maria Adele Carrai, Jennifer Rudolph, and Michael Szonyi, published by Harvard...
ESG, Corporate Governance & Future of the Firm

Will “Portfolio Primacy” Throw a Monkey Wrench in Elon Musk’s Plans to Acquire Twitter?

Bernard Sharfman
The SEC's definition of fiduciary duty allows institutional shareholders to vote against Elon Musk's Twitter takeover bid thanks to portfolio primacy. Is the Musk...

Serving Shareholders Doesn’t Mean Putting Profit Above All Else

Oliver Hart
The time has come for companies, economists, and society to abandon the argument that the only responsibility of business is to maximize profits. Editor’s note:...
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“Thank You and Farewell”: Francesco Trebbi on Alberto Alesina’s Intellectual Legacy

Francesco Trebbi
There are two main intellectual precursors of modern political economy in 20th Century: Social Choice and Public Choice. In founding modern political economy, Alberto...
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How Alberto Alesina Challenged the Median Voter Theorem

Howard Rosenthal
"Alberto Alesina's insight was that the economy was driven neither by the opportunistic behavior of politicians nor by the pursuit of partisan policies but...
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Not Everyone Agreed With Alberto Alesina, but Nobody Could Ignore the Work He Did

Jeffry Frieden
Harvard professor Jeffry Fridel was a friend and a colleague of Alberto Alesina. They shared the beginning of their careers, a house (for a...
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“There Are Few Things More Exciting Than Learning Something New and Important About Humanity”: Alesina’s Scientific Odyssey

Edward Glaeser
"It is a rare scholar who does research in his 60s that is as exciting as the research that he did in his 30s": Alberto...
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“Alberto Alesina Always Knew Where The Big Ideas Were”

Paola Giuliano
Harvard economist Alberto Alesina passed away at 63. Paola Giuliano, UCLA professor and Alesina's co-author, recalls his intellectual and human legacy: "He shaped the...
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Why Consolidation Undermined the Airline Industry’s Ability to Recover from the Coronavirus Crisis

Hubert Horan
A major factor contributing to the industry’s struggles during the current crisis was the loss of resiliency due to the consolidation of the...
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Webinar: Monopolies and the Rise of Nazism in Germany

ProMarket writers
The Stigler Center’s Monopolies and Politics Workshop Webinar Series explores some of the themes we'll explore at our 2020 Antitrust and Competition Conference: University of Michigan...
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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.