virus

Why Social Distancing Measures Seem Less Effective in the US

Guidelines assume that the less people move around, the less likely they are to be in contact. However, phone location data show...

After the Lockdown: Italian Consumers Are Cautious About Returning to Normal

The effects of reopening commercial and recreational activities depend not only on legislative provisions but also on the propensity of consumers to...

How Has the Covid-19 Crisis Affected Hourly Workers at Small Businesses?

Since the coronavirus crisis began, firms have dramatically reduced employee hours. By March 28, total hours declined over 70 percent in states with the...

A New Capitalisn’t Episode: How to Exit the Covid-19 Quarantine – a Reading List

For the good of public health, it's important that we continue staying in quarantine, at least for another month or two. But eventually, we...

Deaths of Despair and Covid-19: a Webinar With Angus Deaton and Luigi Zingales

Deaths of despair are a slow disintegration of working-class lives: Will the coronavirus accelerate this process? In a conversion with Luigi Zingales, Nobel laureate...

Covid Economics: The Marcoeconomic Impact of the Pandemic and Policy Responses

ProMarket reviews the most recent and interesting academic papers on the ongoing pandemic: One paper argues that people do not always fully internalize the...

MBA Students Against Corporate America: “Stop Lobbying the White House on the Defense Production Act”

Since the virus outbreak, the US Chamber of Commerce has lobbied the federal government to limit the use of a piece of legislation that...

Is Regulation Jeopardizing Policy Response to Coronavirus Crisis? Sendhil Mullainathan and Richard Thaler Collect Red-tape Stories

Two of the most well-known University of Chicago economists launched a website to collect examples of regulations that are limiting the United States' reaction to...

How and When to Restart the Economy: a Webinar with Nobel Laureate Paul Romer

Princeton Professor Markus Brunnermeier and Nobel laureate economist Paul Romer explore what options we have to stop the pandemic and recover economic activities. Is...

Bethany McLean’s Weekend Reading List: Covid-19 Models, Grocery Stores, and Bank Robberies

Corruption, lobbying, corporate malfeasance, and frauds: a weekly unconventional selection of must-read articles by investigative journalist Bethany McLean.      Lies, Damn Lies, and Statistics. Maybe we...

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George Stigler on Henry Simons, “Crown Prince” of the Chicago School

To mark 75 years since the passing of Henry Simons, professor of Economics and Law at the University of Chicago, ProMarket is...

Electoral College Reform: New Problems or Real Solutions?

Each electoral system creates specific incentives to (mis)allocate government resources. Would putting the National Popular Vote (NPV) in lieu of the Electoral...

When Do Users Benefit From Platform Mergers?

A new paper shows that platform mergers can harness network effects at the cost of reducing the platform differentiation that users value. 

Harold Demsetz and Israel Kirzner Understood That Competition Regulates Markets

Economists Harold Demsetz and Israel Kirzner challenged the prevailing orthodoxy in microeconomic analysis and public policy beginning with their respective work in...

The Covid-19 Pandemic Should Not Delay Actions to Prevent Anticompetitive Consolidation in US Health Care Markets

Harvard Business School professor Leemore Dafny lays out potential reforms to assist agencies in halting anticompetitive acquisitions and practices, and to preserve...