rent seeking
The Rise of Market Power and the Decline of Labor’s Share
A new paper argues that the decline of the labor and capital shares, as well as the decline in low-skilled wages and other economic trends, have been...
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...
"The Blockchain Is Going to Revolutionize Central Banking and Monetary Policy"
Will governments start using central banks to issue sovereign currency on blockchains? And if so, will that be the end of the fractional reserve...
Blockchains and Corporate Finance: “In a Blockchain Market, Shareholder Activists Might Play Much Less of a Role”
Will blockchain technology lead to less shareholder activism and higher executive compensation? Watch David Yermack’s full Stigler Center lecture on the potential implications of blockchain...
“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,...
How Many Newt Gingrich's Are There in Washington? Much More Than You Might Think
As more and more lobbyists move to consulting and PR agencies, experts say the underworld of hidden lobbying is probably much bigger than what formal...
“Growing Evidence That Some U.S. Regulators May Value the Profits of the Incumbents They Regulate Over Consumer Welfare”
In this installment of ProMarket's new interview series, we ask Fiona M. Scott Morton of Yale University about the effects of concentration in America and...
Conference: Is There a Concentration Problem in America?
On March 27-29, the Stigler Center will host a first-of-its-kind, three-day conference on the question of concentration in the U.S. economy that will bring...
Does Regulation Build Trust or Entrench Cliques? Lessons From Merchant Guilds and the Taxi Industry
Close-knit networks, like guilds and taxi associations, are helpful in enhancing trust and reliability. Yet they can also become exclusive and rent-seeking.
Last May,...
