regulatory capture
Should We Leave Public Resource Allocation to the Experts? Glen Weyl Responds to Paul Milgrom
Glen Weyl, Microsoft’s Office of the Chief Technology Officer Political Economist and Social Technologist, responds to Paul Milgrom’s criticisms of his recent ProMarket piece...
Was the 2017 FCC Spectrum Auction a Success—or a Disappointing Failure?
In a post published on his company’s website, Stanford professor Paul Milgrom responded to the recent ProMarket pieces by Glen Weyl and Stefano Feltri...
Break Up the Police
In most cities in America, it is not the police that answers to the mayors, but the mayors to the police. The only solution...
AT&T’s Treatment of HBO Max Sparks Calls for Net Neutrality Rules. But Is Sector-Specific Regulation the Right Solution?
Not all forms of self-preferencing should be banned, but we do need a standard by which to evaluate allegations of anticompetitive self-preferencing. Congress should...
Are We Witnessing the Fall of the American Liberal Order?
In the past 30 years, liberalism has not lived up to its promise to deliver economic returns for the broad majority of society. But...
Paid to Show the Drug Works: Why “Blind” Clinical Trials for New Drugs are Far Less Blind Than They Should Be
New research shows that physicians in industry-sponsored trials are more captured by pharmaceutical companies than physicians in unsponsored ones.
Economists love health care because it...
Amazon-Owned Movie Theaters: the Next Step in Entertainment Industry Consolidation
Amazon is in talks to buy AMC Theaters, whose business model was jeopardized by the coronavirus pandemic. Other streaming companies, such as Disney and...
Here’s How Covid-19 Is Boosting Monopolization and Market Power
Monopolization and consolidation can happen for what seem to be good, or least necessary, reasons. How we respond as a society depends on how...
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...
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 since 2009...
