regulatory capture

Making it Look Like a Struggle

 For capture to be sustainable, the regulator has to find ways to be perceived as being tough on the regulated without really hurting them. The...

Preventing Regulatory Capture

When a regulation’s benefits exceed its costs, simplicity and interdisciplinary processes are essential to reducing capture. Regulatory capture arises when regulatory decisions advance private interests...

Market Power and Inequality: How Big Should Antitrust’s Role Be in Reducing Inequality?

Is the rise of wealth inequality in the United States related to a decline in competition? A new paper answers in the affirmative. Is the...

Challenges in Measuring Regulatory Capture

We as a society have failed to settle upon what we think are the measurements, the correlates, the red flags, and the warning signs...

Fighting Regulatory Capture in the 21st Century

It should come as no surprise that the movement against regulatory capture is gaining momentum at this particular moment in our nation’s history. It is...

Why Firms’ Shareholders Condone Seemingly “Excessive” Executive Pay Packages, and What it Means For the Economy

If the large mutual funds are out to improve governance, why do they condone, if not encourage, seemingly excessive and performance-insensitive compensation packages? A new...

The 'Argumentum a Crise': So Powerful, So Prone to Misuse

Since the financial crisis and the related euro debt crisis, the use of the argumentum a crise has been ubiquitous. A more selective use...

Horizontal Shareholding, Antitrust, Growth and Inequality

Harvard Law School professor Einer Elhauge goes back to the days of Thurman Arnold, the head of the antitrust division in the FDR administration,...

Productivity, Inequality, and Economic Rents

Curbing excessive economic rents might bolster productivity and address rising inequality. Productivity growth—a necessary (though not sufficient) condition for rising incomes in the long run—has...

ProMarket Interview: Alan Blinder on Over-Regulating Financial Markets

In order to get optimal regulation in the financial world, says Alan Blinder, the former Vice Chair of the Federal Reserve, one should seek...

LATEST NEWS

“An Offer We Can’t Refuse”: How We Gave Away Our Data and Made Big Tech What It Is Today

WhatsApp’s new terms of service should come as no surprise. For years, Big Tech has been offering its users these “take it...

Paul Romer: “If You Think Moderation is Censorship, You’ve Got a Competition Problem”

During a Stigler Center keynote webinar, Nobel laureate Paul Romer discussed concentration problems in the US and possible solutions, including a “pigouvian”...

The “Next Frontier of Propaganda”: Micro-Influencers are Paid to Spread Political Messages, Disinformation

Online influencers aren’t in the business of promoting just products anymore. New research finds that micro-influencers are increasingly used to spread political...

Digital Markets Act: Policy Choices and Conditions for Success

Last month, the European Commission introduced an ambitious new set of rules for digital platforms, the Digital Markets Act. Here is what...

The Silent Coup

President Donald Trump's seditious actions are exposing the political power that Twitter, Amazon, Google, Apple, and Facebook enjoy. Banning him from their...