regulatory capture
Big Four Audit Firms Enjoy a “Too Few to Fail” Regulatory Hall Pass
The failure of Enron and subsequent demise of Arthur Andersen led to significant changes for public reporting and auditing but not much change in...
How Market Power Leads to Corporate Political Influence
Neoclassical economic theory assumes that firms have no power to influence the rules of the game. A new paper by Luigi Zingales argues: This is...
Spoiled Meat Scandal Reveals the Influence of Business and Media on Brazil's Politics
The recently-released secret taping of a conversation between Brazil’s president Michel Temer and one of the country's most prominent businessmen reveals the extent to which big business...
How Financial Regulations Can Create Barriers to Entry: The Case of Cumplo in Chile
A new Stigler Center case study chronicling the story of Chile’s first crowdfunding platform and its early regulatory challenges illustrates how financial regulations can be...
Study: Politicians Vote Against the Will of Their Constituents 35 Percent of the Time
New Stigler Center working paper: “To the extent that legislators represent majority opinion, it happens largely because legislators share the opinions of their constituents,...
Is Direct Democracy Better Able to Withstand the Influence of Special Interests?
A new Stigler Center working paper looks into the effects of referendums and public initiatives on public policy and finds that direct democracy better...
The Value of Access: How Closeness to the Obama White House Benefited Companies
Between January 2009 and December 2015, White House officials met with corporate CEOs 2,286 times. A new study, to be presented at the upcoming Stigler Center...
“Google Is as Close to a Natural Monopoly as the Bell System Was in 1956"
Media scholar Jonathan Taplin, author of the new book Move Fast and Break Things, on the rent-seeking and regulatory capture of digital platforms.
In 2014,...
The Powerful Private Regulator and the Effects of Conflicts of Interest
A new study reveals both the potential biases in the proxy advisory industry and how a new entrant can help mitigate conflicts of interest.
The...
Is There a Case to be Made for Political Antitrust?
After decades of approaching antitrust through purely economic analyses, are economists once again willing to take into account political considerations as well?
Should political considerations...
