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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...
Democracy

Repeat Voting: A Simple Way To Get More Representative Results

Sergiu Hart
Democratic elections suffer from several shortcomings, including low voter turnout and the effects of inaccurate polling. Sergiu Hart suggests adopting a simple repeat voting...
Regulation

Gambling for Resurrection: How U.S. Banks Hedged Interest Rate Risk During 2022 Monetary Tightening

Amit Seru
Following a widely cited report on unrecognized bank losses due to interest rate rises, Amit Seru and his co-authors have taken a close look...
Commentary

Economists Are Still Right About Airline Deregulation!

Clifford Winston
Would increasing regulation of the U.S. airline industry resolve the issues that Americans have heard about and experienced in the past few months? Clifford...
Democracy

Different Voting Methods Produce Different—and More Accurate—Results

Aaron Hamlin
There is a significant ongoing debate in the United States on the merits of plurality voting (how most American elections are conducted) and how...
Monetary Policy

Resolving the Banking Crisis

Peter DeMarzo
Following up their recent analysis of risk in the banking system, DeMarzo, Jiang, Krishnamurthy, Matvos, Piskorski and Seru argue that banks should be required...
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