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Police Reform

In the aftermath of the brutal murder of George Floyd at the hands of white police officers in Minneapolis and the ensuing global outrage, an unprecedented focus on the causes of police violence and misconduct has emerged. Should the police be “defunded,” as many protesters demand, or should US law enforcement reformed in other ways? ProMarket investigates.

Commentary

How Financial Contracting Could Help the Police Force Manage Its Aims More Effectively

Hamid Mehran
Hamid Mehran proposes funded deferred pay, an incentive structure to mitigate the risk and costs of police misconduct.
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News

“Drive and Wave”: In Response to 1998 Police Reform, LAPD Officers Disengaged from Policing

Jana Kasperkevic
A new paper documents how LAPD officers responded to two police reforms—one in 1998 and one in late 2002. It finds that...
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Income Inequality

Police Stops of Black Drivers Increase Following Trump Rallies, New Study Suggests 

Pauline Grosjean, Federico Masera, Hasin Yousaf
A new study looks into how Trump's 2016 presidential campaign affected police behavior toward Black Americans and finds that the probability that...
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News

Prison Labor Can Create Perverse Incentives for Incarceration and Reduce Trust in Legal Institutions

Belinda Archibong, Nonso Obikili
Government proponents of prison labor should be mindful of the potential for negative effects, including increased incarceration rates and citizens’ deteriorating views...
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News

Few Bad Apples? New Study Finds That 40 Percent of Officers in a Large Police Force Are Discriminatory

Felipe Goncalves, Steven Mello
A new paper seeks to examine whether police misbehavior is concentrated or diffuse by identifying whether highway patrol officers in Florida are...
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News

What is the Connection Between Collective Bargaining and Police Officer Misconduct? Evidence from Florida

Dhammika Dharmapala, Richard H. McAdams, John Rappaport
A working paper finds that after sheriffs’ deputies in Florida were allowed to unionize, violent incidents increased by 40 percent.
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Income Inequality

Should We Defund the Police? A New Capitalisn’t Reading List

ProMarket writers
In this episode of the Capitalisn't podcast, Kate and Luigi take an economist's look at the concept of defunding the police.
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Commentary

How to Get Police Reform Done? Use Direct Democracy

John G. Matsusaka
Instead of just imploring their representatives to fix things, Americans can use the tools of direct democracy to take charge and promote...
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Commentary

Break Up the Police

Luigi Zingales
In most cities in America, it is not the police that answers to the mayors, but the mayors to the police. The...
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Latest news

Development

Mobile Internet Is Changing Employment in Developing Countries, but Not Always as Expected

Pinelopi Koujianou Goldberg, Gaurav Chiplunkar
Scholars and policymakers have put much faith into the prospect of internet connectivity catalyzing development in low- and middle-income countries. In new...
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Fiscal Policy

Biden’s Second-Best Economic Agenda

Walter Frick
Efficiency is out and political economy is in. But what does that imply about making good policy?
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Monetary Policy

The Fed and Bank Failures

Raghuram Rajan, Viral V Acharya
Viral Acharya and Raghuram Rajan explain how quantitative easing contributed to the problems underlying the recent bank failures such as that of...
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Antitrust and Competition

Self-Preferencing Theories Need To Account for Exploitative Abuse

Patrice Bougette, Oliver Budzinski, Frédéric Marty
Patrice Bougette, Oliver Budzinski, and Frédéric Marty argue in their research that antitrust authorities on both sides of the Atlantic must take...
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Antitrust and Competition

Startup Acquisitions Have Undecided Effects on Innovation and Economic Growth

Christian Fons-Rosen, Pau Roldan-Blanco, Tom Schmitz
Startups are a major driver of innovation, but many startups are acquired by large incumbents. Do these acquisitions stifle innovation or promote...
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ESG & Corporate Governance

History Shows that Voluntary ESG Standards Lead to a More Focused ESG Disclosure

Ethan Rouen, Kunal Sachdeva, Aaron Yoon
In recent years, ESG reports have become more common for publicly traded companies. However, critics have found the information they provide to...
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Regulation

Letters that Matter: How Interest Groups Shape Financial Legislation

Renée Adams, Thomas Mosk
Members of Congress are inundated with an avalanche of correspondence on a daily basis. But what persuades them to heed the call?...
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ProMarket is dedicated to discussing how competition tends to be subverted by special interests. The posts represent the opinions of their writers, not necessarily those of the University of Chicago, the Booth School of Business, or its faculty. For more information, please visit ProMarket Policy.

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