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Angus Deaton: Today’s Inequalities Are Signs That Democratic Capitalism Is Under Threat

At the launch of the IFS Deaton Review, a 5-year review of rising inequalities in the UK, Sir Angus Deaton decried extreme inequality and the...

The Decline of American Journalism Is an Antitrust Problem

Weak antitrust enforcement set the stage for Facebook and Google to extract the fruits of publishers’ labor. We won’t be able to save journalism...

The Effects of Concentration in the Asset Management Industry on Stock Prices

The asset management industry has become increasingly concentrated in recent decades. Regulators are concerned about the systemic risks this may pose. Using data from...

Protecting the Independence and Integrity of Research: Introducing the Academic Capture Warning System

Inappropriate financial donor influence at institutions of higher education appears to be on the rise and risks eroding public trust in academic research. In...

Do the Sons of Rich Families Recover After a Large Wealth Shock? Evidence From the US Civil War

One striking feature of many underdeveloped societies is that economic power is concentrated in the hands of very small powerful elites. Why is it...

Study: Political Connections Lower Companies’ Tax Rates and Risk of Being Audited

How does the revolving door between Congress and corporate America affect the enforcement of tax policy? A new study examines how tax rates change...

Market Concentration, Regulation, and Europe´s Quest for a New Industrial Policy

Weakening competition policy in Europe risks creating monopolies rather than industrial champions. An interventionist style of industrial policy, one that revolves around picking winners, has...

Are “Patent Trolls” Stick-Up Artists or Just Benign Middlemen?

A new study explores the dual effect that non-practicing entities, commonly known as patent trolls, have on innovation and the market of ideas. The discussion...

When We Outsource Privacy Compliance, We May Undermine Privacy Protection

Privacy law is currently being shaped and implemented by a new industry of third-party tech vendors. These companies code their own interpretations of privacy...

Self-Regulation and the Video Game Industry: A New Stigler Center Case Study

A new Stigler Center case study explores questions surrounding the ESRB, the self-regulatory body responsible for assigning age and content ratings to video games.  The debate...

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