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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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Antitrust and Competition

Big Tech Is Officially Too Big to Manage

Shaoul Sussman
Last week’s Congressional hearing on Big Tech showed the CEOs of the four largest tech platforms unable to answer basic questions about...
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Antitrust and Competition

The House’s Big Tech Hearing: Break Ups Large and Small?

Randy Picker
Last week’s epic House hearing on online platforms raised many issues, chief among which was the question who gets to operate at...
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Corporate Governance

How Hedge Fund Performance Fees Fail Investors

Itzhak Ben-David, Justin Birru, Andrea Rossi
In the hedge fund industry, there is a material disconnect between funds’ lifetime performance and lifetime incentive fees for managers. A new...
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Commentary

Bethany McLean’s Weekend Reading List: Google, Shale, and Fraudulent Honey

Bethany McLean
Corruption, lobbying, corporate malfeasance, and frauds: a weekly unconventional selection of must-read articles by investigative journalist Bethany McLean. 
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Antitrust and Competition

Top 10 Admissions from Tech CEOs Secured at the Antitrust Hearing

Hal Singer
This week’s Congressional hearing produced evidence of anticompetitive conduct that state attorneys general and private enforcers can use to pursue the dominant...
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Antitrust and Competition

More and More Employers Are Spying on Workers Online. Federal Regulators Are Okay With It

Robert Sprague
Employers today have numerous tools at their disposal to monitor workers’ behavior and communications. Outdated federal regulations and an administration that prioritizes...
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Antitrust and Competition

Webinar: Mehrsa Baradaran, Eli Cook, and Luigi Zingales on the Complicated Relationship Between Antimonopoly and Race

ProMarket writers
Watch a discussion between UC Irvine’s Mehrsa Baradaran, Haifa University’s Eli Cook, and Chicago Booth’s Luigi Zingales on the composition, strengths, and weaknesses of...
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Corporate Governance

Do People Think Finance Benefits Society?

Manish Jha, Hongyi Liu, Asaf Manela
A new paper seeks to measure popular sentiment toward finance based on mentions of “finance” in millions of books, spanning eight languages...
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Commentary

Bethany McLean’s Weekend Reading List: Hedge Funds, Hackers, and the Next Systemic Crisis

Bethany McLean
Corruption, lobbying, corporate malfeasance, and frauds: a weekly unconventional selection of must-read articles by investigative journalist Bethany McLean. 
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Latest news

Antitrust and Competition

Should The Competitive Process Test Replace The Consumer Welfare Standard?

Einer Elhauge
Jonathan Kanter, Assistant Attorney General for the Department of Justice Antitrust Division, recently gave a speech condemning the use of the consumer...
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News

Delaware: The State Where Companies Can Vote

Hal Weitzman
Adapted from What’s the Matter with Delaware: How the First State Has Favored the Rich, Powerful, and Criminal—and How It Costs Us...
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Antitrust and Competition

The NCAA Goes After College Athletes’ NIL Money—Here are the Antitrust Implications for Workers and Consumers

Ted Tatos
Having lost in the Supreme Court on student-athlete academic benefits, the NCAA has signaled a continuing attempt to suppress competition in the...
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Corporate Governance

Have Business Roundtable Companies Lived Up to Their Stakeholder Commitments?  

Lucian Bebchuk, Roberto Tallarita
In 2019, more than 100 CEOs of US public companies signed a Business Roundtable statement in which they pledged to deliver value...
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Inequality

Do Protests Matter At All for Shifting Government Policy Around Economic Redistribution?

Belinda Archibong
New research on the effectiveness of protests on government distributions provides insights into the political incentives of a country’s leadership and the...
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Antitrust and Competition

Mergers and Smoking Guns

Erik Peinert
A recently uncovered memo from George Stigler and Richard Posner reveals how they thought about antitrust and merger policy in advising the...
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Corporate Governance

Will “Portfolio Primacy” Throw a Monkey Wrench in Elon Musk’s Plans to Acquire Twitter?

Bernard Sharfman
The SEC's definition of fiduciary duty allows institutional shareholders to vote against Elon Musk's Twitter takeover bid thanks to portfolio primacy.
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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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