Kate Waldock
Katherine Waldock is an Assistant Professor of Finance at the McDonough School of Business and holds a courtesy joint appointment with the Georgetown Law Center. She and Luigi Zingales are co-hosts of Capitalisn't, a podcast about what's working (and what isn't working) in capitalist societies. She received a Ph.D. in Finance from the NYU Stern School of Business and a B.A. in Economics from Harvard University. Her primary research interests are in corporate bankruptcy, law and finance, small businesses, and financial institutions. She has worked as an intern for Lehman Brothers Inc. and the Office of Financial Research, and as a consultant to the Pension Benefit Guaranty Corporation. Her writing has been featured in the Huffington Post and WalletHub.
ESG & Corporate Governance
A Complicated Villain: Is Elizabeth Warren Right About Private Equity?
In a new episode of their podcast Capitalisn't, Kate Waldock and Luigi Zingales discuss one of the most hated industries of America: private equity. Democratic...
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Income Inequality
Income Inequality May Worsen the Spread of Infectious Disease
Income inequality may exacerbate the spread of infectious diseases. In a new paper, Jay Bhattacharya, Joydeep Bhattacharya, and Min Kyong Kim examine the relationship between income inequality and the incidence and prevalence of tuberculosis across countries.
Antitrust and Competition
The Classic Theory of Albert O. Hirschman Argues Against the US Chamber’s Case for Non-Competes
Drawing on the theory of Albert O. Hirschman’s Exit, Voice, and Loyalty, Brian Callaci argues non-compete clauses stifle the important channels of communication between employees and businesses necessary for improving firm competitiveness. The evidence also shows that, despite claims from businesses, non-competes harm rather than reward employees for their loyalty.Â
Antitrust and Competition
AI For the Antitrust Regulator
Cary Coglianese lays out the potential, and the considerations, for antitrust regulators to use machine learning and artificial intelligence algorithms.
Antitrust and Competition
Creation over Time in Copyright and Patent
On May 18, the United States Supreme Court decided two intellectual property cases with two seemingly different results. A closer look, however, reveals a complimentary concern with the monopolistic power of first movers and how the legal system should enable innovation from second movers over time, writes Randy Picker.
Event Notes
ESG Standards’ Good, Bad and Ugly
The Stigler Center for the Study of the Economy and the State hosted a virtual event discussing the standards, metrics and disclosures of investments focused on Environmental, Social and Governance (ESG) goals. The following is a transcript of the event.
Commentary
Reregulate.
Lee Hepner and William J. McGee respond to Clifford Winston’s ProMarket piece asserting that further deregulation of the airline industry would resolve problems in the industry. Instead, the authors claim a return to regulation would produce better results for travelers.
Antitrust and Competition
A World With Far Fewer Mergers
Brooke Fox and Walter Frick analyze research and ideas presented at the Stigler Center Antitrust and Competition Conference that question the value of mergers.
