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Money in Politics

Carl Schmitt and the Origins of Friedrich Hayek’s Thought on Rent-Seeking

Daniel Nientiedt
Friedrich Hayek viewed the subject of rent-seeking not from the usual welfare economics perspective, but from a constitutional economics perspective. In a new paper,...
Antitrust and Competition

How To Handle Big Tech Acquisitions Under Uncertainty

Daniel McCuaig
The Federal Trade Commission recently failed to stop Meta’s acquisition of virtual reality company Within, while the Department of Justice is now attempting to...
Democracy

Mathematical Flaws in Ranked Choice Voting Are Rare but Real

David McCune
A political movement in the U.S. is encouraging municipalities and states to adopt ranked choice voting as a supposedly more representative voting method. In...
Money in Politics

Defense Contracts Are Going to the Best Connected, Not Necessarily the Best

Şenay Ağca
In new research, Şenay Ağca and Deniz Igan use the shock of the September 11 attacks and declaration of war on Afghanistan to show...
Book Excerpts

Lowering the Barriers to Entry for Economics Research in Healthcare

Filippo Lancieri
A new collection of scholarly work on the economics of the US healthcare sector is released today. The following is an adaptation of the...
Regulation

Defer Bank Management’s Compensation for Times of Crisis

Hamid Mehran
Adopting a deferred pay scheme for bank managers would provide them with needed funding during a downturn and would incentivize more conservativism when it comes to risk-taking.
Antitrust and Competition

Fair Treatment of Consumers at Any Price?

Walter Beckert
Many scholars and policymakers have suggested regulating firms’ ability to price discriminate between consumers when they operate in a market prone to inactive users,...
Antitrust and Competition

“Consumer Welfare Is Dead”: What Do We Do Instead?—A Perspective from Europe

Cristina Caffarra
“Consumer Welfare” has lost its place as the animating value and standard for modern antitrust. The standard is almost universally regarded as bunk and...
Income Inequality

Children of Workers Impacted by Automation Are More Likely To Experience Lower Income Mobility

Fredrik Heyman
A new empirical study examines whether advancements in automation and robotics have affected intergenerational income mobility. The authors find that parents’ exposure to new...
Antitrust and Competition

Understanding the DOJ’s Decision To Seek a Jury Trial in the Google Ad Tech Case

Samuel Weinstein
The Department of Justice recently sued Google for conduct relating to its ad tech services, accusing the search giant of unlawful monopolization. In an...
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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.