markups

The Cost of America’s Oligopoly Problem

An innovative new study finds substantial, increasing deadweight losses resulting from oligopolistic behavior and points to the important role that startup acquisitions—particularly by large...

Global Declining Competition

Studies of the evolution of market power since 2000 have focused mostly on publicly traded US firms. This column introduces a new global study...

What Current Research (Still) Gets Wrong about Market Power

Two much-discussed new studies argue that market power is on the rise not only in the United States, but also around the world. Here,...

70 Years of US Corporate Profits

A new Stigler Center working paper shows that after decades of decline, profits started increasing in the early 1980s. Financial profit is ostensibly the...

Factorless Income and Some Skepticism on the Case for Rising Markups

If imputed payments to labor and capital don’t add up to GDP, what should be done with the residual? New research from Chicago Booth...

LATEST NEWS

Coronavirus

Lifting Lockdown Measures Won’t Bring Back Lost Jobs, New Study Suggests

Yongseok Shin

A new paper examines data on local outbreaks in South Korea and finds that even in the absence of lockdowns, an increase...

Bailout

What Comes Next for Economic Policies to Combat Covid-19? A Conversation Between Six Booth Faculty

Stefano Feltri

As the Covid-19 crisis evolves from a temporary shock into what seems like a long-term catastrophe, six finance scholars from Chicago Booth—Douglas...

News

A New Stigler Center Case Study Explores the Link Between Italy’s Morandi Bridge Disaster and Crony Capitalism

Stefano Feltri

Two years ago, the Morandi bridge collapse claimed 43 lives. Based on financial statements, Italian government documents, and interviews with independent experts...

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...

COMMENTARIES

Bethany McLean’s Weekend Reading List: Wirecard, Shale Oil, and the Fall of Chuck E. Cheese

Bethany McLean

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