Covid

Defying Expectations, Bankruptcy Filings Are Down During the Covid-19 Crisis So Far

Historically, bankruptcy filings have closely tracked the business cycle and unemployment rates. However, a recent study found that this relationship has reversed...

Regulators Should Keep a Close Eye on the Little Guys in the Race for a Covid-19 Vaccine

As the race to find a Covid-19 vaccine or treatment rages on, many have raised concerns over trustworthiness of clinical research and...

Why Consolidation Undermined the Airline Industry’s Ability to Recover from the Coronavirus Crisis

A major factor contributing to the industry’s struggles during the current crisis was the loss of resiliency due to the consolidation...

How to Save 40 percent of the Payroll Protection Program’s Costs

Thanks to the loan program part of the CARES Act, small businesses can receive up to 2.5 times their monthly payroll, regardless of how much...

Back to Work? The Political Preparation for “Phase 2” of the Pandemic Is a Matter of Trust

According to a special wave of the Booth/Kellogg Financial Trust Index, Americans have bought into social distancing rules. However, most of the respondents are...

The Coronavirus Crisis Has Exposed Private Equity’s Unsustainable Business Model

Private equity portfolio companies are heavily indebted, and they aren’t generating enough cash to service debts. The steady increase in asset values...

During a Pandemic, Beware the Man of One Model

"I have great respect for the scientific model builders who attempt at quantifying the uncertainty we face and those policy advisors who are willing to accept differences...

Trump Voters Were More Reluctant to Acknowledge the Seriousness of the Pandemic and Adapt Their Behavior Accordingly

Using data on individuals' search behavior and cellphone movement data, a new study shows that areas with a high share of Trump voters began...

Is Regulation Jeopardizing Policy Response to Coronavirus Crisis? Sendhil Mullainathan and Richard Thaler Collect Red-tape Stories

Two of the most well-known University of Chicago economists launched a website to collect examples of regulations that are limiting the United States' reaction to...

How and When to Restart the Economy: a Webinar with Nobel Laureate Paul Romer

Princeton Professor Markus Brunnermeier and Nobel laureate economist Paul Romer explore what options we have to stop the pandemic and recover economic activities. Is...

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LATEST NEWS

News

President-Elect Joe Biden and the Real Lessons of DuPont

Guy Rolnik, Roy Shapira

Simply talking corporate America into being more responsible is not enough. It may get corporations to talk the talk, but not to...

Corporate Governance

How Companies Spin Off Environmental Liabilities to Avoid Legal Obligations

David F. Larcker, Andrew Baker, Brian Tayan

Environmental externalities are vexing for corporate decision makers, but some companies have figured out a way to deal with them: a spinoff....

Coronavirus

How Pfizer’s Vaccine Announcement Demonstrates the Political Power of Firms

John M. Barrios, Luigi Zingales

By timing the disclosure of the results of its vaccine trial, Pfizer could have influenced the 2020 presidential election. This is worrisome...

Antitrust and Competition

The Useful Distraction of Section 230

David Carroll

How the red-herring of a politicized Section 230 and “conservative censorship” distracts from a bipartisan national privacy act.

Antitrust and Competition

Institution Man: How Corporations Came to Dominate the US Economy

Nicholas Lemann

In the first chapter of his book Transaction Man, Nicholas Lemann explores how Adolf Berle, author of The Modern Corporation and Private...