41.3 percent of the money raised by the Cruz campaign and by PACs and Super PACs backing his candidacy came from donors who gave more than $100,000.
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ProMarket Interview: Robert J. Shiller on Competition, Deception and Rent-Seeking
Yale economist and Nobel Prize Laureate Robert J. Shiller explains why competition in itself does not always weed out deception and rent-seeking.
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“The President’s Executive Order is Pro‑Market and Anti‑Abusive Market Power”
Ten days after the White House issued an executive order and a brief that highlights growing concentration and decreasing competition in the US economy, professor Jay C. Shambaugh from the White House Council of Economic Advisers offers his perspective in an interview with ProMarket.
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What Makes M&A Reporters More Accurate?
A study by Kenneth R. Ahern and Denis Sosyura ranks M&A reporters based on their accuracy.
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ProMarket Graph: Is There a Correlation Between Perception Measures and Reported Levels of Corruption?
New graph compares corruption perception indexes with reported cases of corruption.
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Corporate Governance Externalities: How Directors’ Reputational Concerns Shape Governance of Other Firms
A new paper by Wharton’s Doron Levit and Carroll’s Nadya Malenko fleshes out the role that reputation plays in shaping the structure and effectiveness of corporate boards.
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The White House Acknowledges: The U.S. Has a Concentration Problem; President Obama Launches New Pro-Competition Initiative
President Barack Obama issues an executive order that calls on federal government agencies to promote competition within uncompetitive markets.
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Does a CEO Have a Duty to Lobby?
We need not only more disclosure, but also more work in alerting people in general (and students in particular) about the distortive effects of lobbying and the extent to which it takes place.
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Who are the 30 Worst Brokers in America When Measured By Misconduct?
The ProMarket blog seeks to provide indexes that make markets work better. The data on brokers’ misconduct supplied by FINRA is very detailed, but also very difficult for the general public seeking financial advice to read and understand. Academic work can dramatically increase their ability to use it.
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Are We All Rent-Seeking Investors?
Has The Economist, the commentary magazine of the capitalistic global elite, embraced the corporate-bashing trend taken by many populist politicians in the U.S., U.K., and many other countries around the world?
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The US Government Loses As Much As $111 Billion Annually Due to Corporate Tax Dodging
Report: For every dollar spent on lobbying, the 50 largest corporations received more than $4,000 in government support.
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Study: Journalists’ Fear of Appearing Biased Benefits Special Interests
New study that looks into the media coverage of climate change finds that special interest groups often take advantage of journalists’ desire to present “both sides” of an issue.
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