Culture & Society

The Danger of No Antitrust Enforcement: How a Merger Led to the US Ventilator Shortage

In order to enhance its market power, a large medical device manufacturer and distributor named Covidien bought up the small and competitive Newport Medical...

“The Way Insurance Companies Have Rigged Our Health Care System, They’re Probably Going to Emerge as Financial Winners from This”

Author and former health insurance executive Wendell Potter explains to ProMarket why the employer-based health care system in the US is “collapsing” and why health...

Managing Expectations Is Critical to Ensure Compliance with Stay-at-Home Measures

A study of a representative sample of Italians finds that 50 percent of respondents reported having adopted all recommended actions, including staying at home,...

Is Monetary Policy Independence Out of Date? A Mini-Course With Paul Tucker (Part 3)

The Federal Reserve and the ECB have been taking unprecedented steps to react to the financial impact of Covid-19. To frame the debate around the...

Constitutional Limits to Independent Agencies and Central Banks: A Mini-Course With Paul Tucker (Part 2)

The Federal Reserve and the ECB have been taking unprecedented steps to react to the financial impact of Covid-19. To frame the debate around the...

How Human and Institutional Behavior Change in the Context of Pandemics: a Webinar

Princeton Professor Markus Brunnermeier and Ramanan Laxminarayan, director of the Center for Disease Dynamics, discuss the economics of pandemics. From the bubonic plague to...

Why Amazon Is Poised to Emerge from the Covid-19 Crisis Stronger Than Ever

So far, Amazon has reacted to the coronavirus outbreak with restrictions designed to cement its market power at the expense of merchants and consumers. Amazon...

An Alternative to Complete Shutdown: Let Younger People Work

The mortality rate of Covid-19 is rising with age. The cost of the economic shutdown declines with the number of people not subject to the shutdown. Consequently,...

Should Central Banks Have Constraints During a Crisis? A Mini-Course With Paul Tucker (Part 1)

The Federal Reserve and the ECB have been taking unprecedented steps to react to the financial impact of Covid-19. To frame the debate around the...

Option-Based Credit Spreads Signal a Recession, but the US Stimulus Will Soften the Blow

Over the past month, option-based credit spreads spiked and remain at elevated levels. The surge signals that a recession is at our door, but...

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