Stefano Feltri

Stefano Feltri is the editor of Domani and ProMarket's former Senior Editor. He previously worked at one of the major Italian newspaper, Il Fatto Quotidfdiano, first as the Editor in Chief of the Economic and Finance division and, in more recent years, as the Deputy Editor in Chief. In addition, he also worked as a political commentator on Italian TV and Radio networks. Stefano has a MS in Economics and Management of Innovation and Technology and an Undergraduate Degree in Public Administration and International Institutions Management both from Bocconi University, Italy. His most recent book is "Sette Scomode verita' sull'Economia Italiana che nessuno vuole guardare in faccia" (published by Utet).

Fake Letters Poisoned the Debate on SEC's New Rules on Shareholder Votes and Proxy Advisory Firms

SEC Chairman Jay Clayton claimed that the draft regulation on shareholders' votes and proxy advisory firms received approval by hundreds of "Main Street" Americans....

A Financier Against the Russian Oligarchs: Why Bill Browder Is Putin's Public Enemy No. 1

Bill Browder, Heritage Fund founder and the person behind the Magnitsky Act, will speak at the Stigler Center on November 8. Browder and professor Luigi Zingales...

The Other Side of Trump's Shadow Diplomacy: After Ukraine, Quid Pro Quo in Italy Too?

The White House asked the Italian government for support in its "investigation on the investigators" to prove the existence of a Democratic plot against...

The Harvard Admission Lawsuit Decision Does Not Answer the Main Question: What Are Top Universities For?

A judge ruled this month that Harvard does not discriminate against Asian-American applicants, according to its own criteria. But what kind of students do...

If Journalists Want to Save Journalism, They Should Stop Asking Google for Money

A new report claims Google has been using its Google News Initiative to stage a “media takeover” and reveals the increasing influence of the...

Companies Are More Effective Than the White House in Stopping Whistleblowers

Harvard Business School professor Eugene Soltes tested the "integrity hotlines" companies are supposed to have to let employees report misconduct. In many cases, they...

Trump’s Impeachment Highlights Biden Familial Revolving Door

The President's behavior provides direct evidence of how political power is used to advance personal goals. It has also had the unintended consequence of exposing...

Hospital Mergers: The Forgotten Problem of American Health Care

In the US, there are more than 100 hospital mergers every year. This increasing concentration does not lead to the promised savings, nor to...

Latest news

How US Antitrust Enforcement Against Xerox Promoted Innovation by Japanese Competitors

Xerox invented modern copier technology and was so successful that its brand name became a verb. In 1972, U.S. antitrust authorities charged Xerox with monopolization and eventually ordered the licensing of all its copier-related patents. As new research by Robin Mamrak shows, this antitrust intervention promoted subsequent innovation in the copier industry, but only among Japanese competitors. Nevertheless, their innovations benefited U.S. consumers.

Revising the Merger Guidelines To Return Antitrust to a Sound Economic and Legal Foundation

The draft Merger Guidelines largely replace the consumer welfare standard of the Chicago School with the lessening of competition principle found in the 1914 Clayton Act. This shift would enable the Federal Trade Commission and Department of Justice Antitrust Division to utilize the full extent of modern economics to respond to rising concentration and its harmful effects, writes John Kwoka.

How Anthony Downs’s Analysis Explains Rational Voters’ Preferences for Populism

In new research, Cyril Hédoin and Alexandre Chirat use the rational-choice theory of economist Anthony Downs to explain how populism rationally arises to challenge established institutions of liberal democracy.

The Impact of Large Institutional Investors on Innovation Is Not as Positive as One Might Expect

In a new paper, Bing Guo, Dennis C. Hutschenreiter, David Pérez-Castrillo, and Anna Toldrà-Simats study how large institutional investors impact firm innovation. The authors find that large institutional investors encourage internal research and development but discourage firm acquisitions that would add patents and knowledge to their firms’ portfolios, hampering overall innovation.

The FTC Needs To Focus Arguments on Technological Transitions After High-Profile Losses

Joshua Gray and Cristian Santesteban argue that the Federal Trade Commission's focus in Meta-Within and Microsoft-Activision on narrow markets like VR fitness apps and consoles missed the boat on the real competition issue: the threat to future competition in nascent markets like VR platforms and cloud gaming.

We Need Better Research on the Relationship Between Market Power and Productivity in the Hospital Industry

Antitrust debates have largely ignored questions about the relationship between market power and productivity, and scholars have provided little guidance on the issue due to data limitations. However, data is plentiful on the hospital industry for both market power and operating costs and productivity, and researchers need to take advantage, writes David Ennis.

Debating the Draft Merger Guidelines: Transcript

On September 7, the Stigler Center hosted a webinar to discuss the draft merger guidelines. What follows is a slightly edited transcript of the event.