regulatory capture
Family Ties as Corporate Power
Pablo Balán explains that family ties provide firms with an edge in collective action that enables them to be politically active through campaign donations, to engage in financial rent-seeking by obtaining subsidized state credit, and to bypass regulation seeking to curtail the influence of business by substituting individual contributions for corporate contributions. Scholars and advocates can benefit from a deeper understanding of organizational constraints to programmatic reform.
Australian PwC Scandal Reeks of Regulatory Capture
Accounting firm Price Waterhouse Cooper was recently forced to sell its government consulting business after using privileged information to help firms evade taxes. Richard Holden examines the scandal and explains why the response from the Australian Tax Office points to regulatory capture by the big 4 accounting firms.
Should We Regulate the Revolving Door of Regulators?
Is the revolving door of top regulators one of the reasons for a lack of good regulation? Based on her recent research, Elise Brezis...
Corporate Political Responsibility in a Captured Economy
Most attention on corporate governance has focused on businesses’ social responsibility. Claudine Schneider and Ed Dolan write that businesses need to take into account...
Industrial Policy Is a Seductive Mirage
Industrial policy was once so out of fashion that it was jokingly called “the policy that shall not be named.” Now it’s back in...
2023 Antitrust and Competition Conference: Call for Papers
The Stigler Center is inviting submissions of short academic articles (up to 3000 words) focused on the development of a legal/economic standard that can...
Is Big Business Ungovernable?
Regulators should dedicate more resources to pursuing big cases against the biggest market actors, even if it means compiling far fewer enforcement actions annually....
Cultural Capture of Antitrust Is More Likely in America than Europe
Jan Broulík’s new article explores whether so-called cultural capture may develop in antitrust policies on either side of the Atlantic and what can eventually...
Are Monopolists or Cartels the True Source of Anticompetitive US Political Power?
Trade associations are often the biggest obstacles to competitive markets, especially when those organizations use their influence to change public policy in their favor.
Dana...
“Uber Has Higher Prices and Worse Service Than the Taxi Industry Had Ten Years Ago”
Following the Uber Files leaks, transportation expert Hubert Horan explains why Uber is “hopelessly uneconomic” and how its engagement with policymakers and academics aided...
