type here...

News

Misinformation

Preventing Algorithmic Collusion by Adding Noise to Market Data

Niuniu Zhang
In new research, Niuniu Zhang discusses how regulators can add “noise” to market data to preclude tacit collusion through algorithmic pricing software without hampering legitimate market practices.
Commentary

How To Design CBDCs for an Open World Economy

Jeff Alvares
Countries representing 98% of global GDP are exploring central bank digital currencies. They must devise digital infrastructure to maximize competition, writes Jeff Alvares.
Fiscal Policy

Do Unequal Places Cost More To Live in?

Yumin Hu
In recent research, Yumin Hu, Luca Macedoni, and Mingzhi Xu explore how high income inequality can raise the costs of living. They compare grocery products around the U.S., finding that large retailers will increase the prices for their goods in places where income inequality is also high.
Big Tech

Open Source Is Having a Moment in AI Regulation. Here Is What the Data Says

Jérémie Haese
Jérémie Haese and Christian Peukert present new empirical findings on core open source technologies for the web and AI. Open source holds promise for making AI systems more transparent and secure, but it risks masking continued centralized control under the guise of openness.
ESG, Corporate Governance & Future of the Firm

How ESG Pay Metrics Change CEO Incentives

Vikas Agarwal
In new research, Vikas Agarwal, Juan-Pedro Gómez, Kasra Hosseini, and Manish Jha explore how companies reward executives for meeting sustainability targets. They evaluate how ESG metrics to determine executive pay create tradeoffs with traditional financial incentives, and what that means for the future of ESG goals.
Money in Politics

How Political Alignment Between Cities and Governors Shapes Municipal Borrowing Costs

Ramona Dagostino
In new research, Ramona Dagostino and Anya Nakhmurina discuss how political misalignment between state governors and city leadership can affect how cities access financing, particularly in municipal bond pricing and crisis prevention investment.
Antitrust and Competition

Canceling the Antitrust Show? Live Nation-Ticketmaster’s Latest Attempt To Keep Its Monopoly

Diana L. Moss
Live Nation-Ticketmaster has filed a motion for summary judgment to persuade the judge presiding over the antitrust lawsuit against the company that the government has not turned up enough evidence of wrongdoing or harm to consumers. Diana L. Moss refutes the motion’s main arguments and defends the government’s lawsuit.
Culture & Society

Higher Education Is Becoming More Politically Polarized

Riley Acton
In new research, Riley Acton, Emily Cook, and Paola Ugalde find that college campuses in the United States have become increasingly polarized over the last few decades, and both liberals and conservatives are willing to pay much more to attend colleges with likeminded peers.
Antitrust and Competition

Defending the Merger Efficiency Defense: A Response to Herbert Hovenkamp

Nancy Rose
Nancy L. Rose and Jonathan Sallet respond to a recent article by Herbert Hovenkamp, in which he argues that the merger-efficiencies defense, which requires merging parties to demonstrate competitive benefits of a merger in order to rebut a prima facie case of harm presented by plaintiffs, is too burdensome and runs contrary to empirical evidence.
Antitrust and Competition

Swedish Workers Lose Out In M&A Even When CEOs Gain

Jakob Beuschlein
Summary Teaser: In a new working paper, Jakob Beuschlein, Jósef Sigurdsson, and Horng Chern Wong find that workers at acquired firms in Sweden experience wage cuts. Rather than from the increased monopsony power of employers, these wage cuts are due to rent redistribution toward higher CEO pay.
123...415Page 1 of 415

Latest news

View All

The publication of the Stigler Center at The University of Chicago Booth School of Business

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.