In new research, Nandini Gupta and Swarnodeep Homroy show that firms in the United States are choosing politically-aligned suppliers to insure their supply chains against disruption. Aligned relationships are markedly more resilient when shocks hit, but the insurance is paid for in higher input costs and less innovation.
In new research, Jongkwan Lee, Giovanni Peri, and Hee-Seung Yang assess the effects of a sudden reduction in immigrant workers in South Korea. They find that migrant workers were not easily replaceable by natives, resulting in operational disruptions and firm closures.
The Big Fail co-author Bethany McLean — also co-host of Stigler Center podcast Capitalisn’t — sits down with ProMarket to discuss how concentration and played a role in the United States government’s response to the Covid-19 pandemic.
Countries around the world have overseen wide-ranging public health responses to the Covid-19 pandemic. On June 10, the Stigler Center hosted a panel of...
Prior to the outbreak of Covid-19, corporate leaders pledged to look after all stakeholders, not just deliver value to shareholders. Did they live up...
A new study investigates the impact of 2020 Covid-19 rental eviction moratoria on the wellbeing of US households, finding that eviction moratoria across the...
A new paper argues that exploitation of gaps within democratic constitutions during emergencies, such as the Covid-19 pandemic, has the potential to erode democracies...
A new paper finds that exposure to an epidemic in the current year significantly increases the likelihood that an individual completes financial transactions via...