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The Monopoly Harms That Antitrust Keeps Missing

In his new book Monopolized, journalist David Dayen tells the stories of individuals who have suffered at the hands of monopolists, showing the myriad ways in which monopoly power affects people's daily lives, most of which escape an antitrust regime that is narrowly focused on consumer welfare. Monopolized: Life in the Age of Corporate Power. By David Dayen. The New Press; 299 pages. Labor’s share of income is falling,...

RESEARCH

Inequality

Police Stops of Black Drivers Increase Following Trump Rallies, New Study Suggests

Pauline Grosjean, Federico Masera, Hasin Yousaf

Corporate Governance

How Hedge Fund Performance Fees Fail Investors

Itzhak Ben-David, Justin Birru, Andrea Rossi

COMMENTARIES

Bethany McLean’s Weekend Reading List: Eastman Kodak, Private Equity Hospitals, and America’s First Female Recession

Bethany McLean

Corruption, lobbying, corporate malfeasance, and frauds: a weekly unconventional selection of must-read articles...

PODCAST

Special Interests Hide Behind Regulatory Myths

Casey B. Mulligan

The Persuasive Effect of Fox News: How Increases in Fox News Viewership Reduced Compliance With Social Distancing Guidelines

Jean-Pierre Dubé, Andrey Simonov, Szymon Sacher, Shirsho Biswas

Tech Monopolies Are the Reason the US Now Has a TikTok Problem

Lucas Kunce

A New Capitalisn’t Episode

READING LIST

The Covid-19 Economy

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Coronavirus

Why Social Distancing Measures Seem Less Effective in the US

Gabriele Borg, Samuele Giambra, Samsun Knight

Guidelines assume that the less people move around, the less likely they are to be in contact. However, phone location data show...

Bailout

The Childcare Barriers to Putting America Back to Work

Jonathan Dingel, Christina Patterson, Joseph Vavra

Substantial fractions of the US labor force have children at home and will likely face obstacles in returning to work if childcare...

Bailout

The Paycheck Protection Program, Meant to Prevent Mass Layoffs, Missed Its Target

Joao Granja, Christos Makridi, Constantine Yannelis, Eric Zwick

A new study shows that CARES Act funds to support small companies and prevent mass layoffs did not flow to areas more...

Coronavirus

How Are Americans Coping With the Covid-19 Crisis? 7 Key Findings From a Household Survey

Marianne Bertrand, Guglielmo Briscese, Maddalena Grignani

New research from the Rustandy Center and the Poverty Lab at the University of Chicago finds that lower-income Americans, especially women,...

READING LIST

Police Reform

In the aftermath of the brutal murder of George Floyd at the hands of white police officers in Minneapolis and the ensuing global outrage, an unprecedented focus on the causes of police violence and misconduct has emerged. Should the police be “defunded,” as many protesters demand, or should US law enforcement reformed in other ways? ProMarket investigates.

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News

Prison Labor Can Create Perverse Incentives for Incarceration and Reduce Trust in Legal Institutions

Belinda Archibong, Nonso Obikili

Government proponents of prison labor should be mindful of the potential for negative effects, including increased incarceration rates and citizens’ deteriorating views...

News

Few Bad Apples? New Study Finds That 40 Percent of Officers in a Large Police Force Are Discriminatory

Felipe Goncalves, Steven Mello

A new paper seeks to examine whether police misbehavior is concentrated or diffuse by identifying whether highway patrol officers in Florida are...

News

What is the Connection Between Collective Bargaining and Police Officer Misconduct? Evidence from Florida

Dhammika Dharmapala, Richard H. McAdams, John Rappaport

A working paper finds that after sheriffs’ deputies in Florida were allowed to unionize, violent incidents increased by 40 percent.

Capitalisn't

Should We Defund the Police? A New Capitalisn’t Reading List

ProMarket writers

In this episode of the Capitalisn't podcast, Kate and Luigi take an economist's look at the concept of defunding the police.

Teaching

Antitrust and Competition

The United States: An Exceptional Case? A Webinar With Stephen Haber, Richard R. John, and Luigi Zingales

ProMarket writers

Many see the US as a land where free markets and antitrust enforcement have historically kept monopolies under control. But is that really the case? Watch a conversation between Stanford University professor Stephen Haber, Columbia University professor Richard R. John, and Luigi Zingales. The Stigler Center’s Monopolies and Politics Workshop Webinar Series explores the interconnection between monopolies and politics, and the historical evidence of monopolies capturing national governments and...

Coronavirus

The Economic and Social Implications of Racial Disparities: A Webinar With Lisa Cook

ProMarket writers

Michigan State University professor Lisa Cook joined Princeton’s Bendheim Center for Finance to discuss how violence impacts innovation, as well as the economic and societal fissures exposed by Covid-19. On...

Antitrust and Competition

Covid-19 and Amazon’s Future: a Webinar With Stacy Mitchell, Steven Kaplan, and Jacob Schlesinger

ProMarket writers

As part of the Stigler Center’s Political Economy of Covid-19 Series of online programming, which explores the economic and political implications of Covid-19 with leading academics and experts, we recently hosted a conversation between Stacy Mitchell, co-director...

How the Global Audit Firms, Led by Deloitte, Are Using Their Lobbying Clout to Dilute Sarbanes-Oxley Reforms

Regulatory Capture

Francine McKenna

A look at the Big Four’s congressional lobbying activity shows the auditors and their trade association taking advantage of the “Trump” window to roll...

COLUMNS

COMMENTARIES

Bethany McLean’s Weekend Reading List: Google, Shale, and Fraudulent Honey

Bethany McLean

Corruption, lobbying, corporate malfeasance, and frauds: a weekly unconventional selection of must-read articles by investigative journalist Bethany McLean.

COMMENTARIES

Bethany McLean’s Weekend Reading List: Hedge Funds, Hackers, and the Next Systemic Crisis

Bethany McLean

Corruption, lobbying, corporate malfeasance, and frauds: a weekly unconventional selection of must-read articles by investigative journalist Bethany McLean.

COMMENTARIES

Bethany McLean’s Weekend Reading List: Russian Hacks, Twitter Hacks, and McKinsey

Bethany McLean

Corruption, lobbying, corporate malfeasance, and frauds: a weekly unconventional selection of must-read articles by investigative journalist Bethany McLean.

COMMENTARIES

Bethany McLean’s Weekend Reading List: Robinhood, Quibi, and Corporate America’s Addiction to Debt

Bethany McLean

Corruption, lobbying, corporate malfeasance, and frauds: a weekly unconventional selection of must-read articles by investigative journalist Bethany McLean.

Jacques Crémer

According to China’s sweeping new national security law, European citizens who argue in favor of self-determination for Hong Kong in their home...

ALSO READ

Alberto Alesina

“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...

COMMENTARIES

Why Economic Predictions Are Useless Right Now

Branko Milanovic

The Covid-19 crisis is unprecedented in its global scope and open-ended, uncontrollable progress. By their very nature, the models that economists often...

Regulatory Capture

Who Is to Blame for the 2008 Financial Crisis?

Luigi Zingales

The IGM Center at the University of Chicago has asked its American and European economist panel to rate the main causes of the financial...

Alberto Alesina

How Political Conflict Shapes Macroeconomics: Alberto Alesina’s Intellectual Legacy

Guido Tabellini

One of the most respected economists of his generation, Harvard professor Alberto Alesina suddenly died at 63. His friend and colleague Guido...

Inequality

“We’ve Never Had a Purely Capitalist Economy—We’ve Had State-Subsidies for Some and Exclusion for Others”

Asher Schechter

In an interview with ProMarket, UC Irvine law professor Mehrsa Baradaran discussed the connection between the current protest wave and the deep-seated...

Antitrust and Competition

At the Heart of the European Commission’s Investigations of Apple Is a Basic Question: How Should Apple Make Money?

Randy Picker

Just like Spotify, Apple has amassed an installed base of users. Spotify sells its users to advertisers while Apple sells its users...

COMMENTARIES

Piketty on the Covid-19 Crisis: “It Is High Time to Use This Opportunity to Counter the Dominant Ideology and Significantly Reduce Inequality”

Asher Schechter

In an interview with ProMarket, Thomas Piketty speaks about his new book, the role of ideology as a driver of inequality, and...

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RESEARCH

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