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Inequality

Chart of the Week: Minority Underrepresentation in Local US Politics

ProMarket writers
ProMarket's first-ever Chart of the Week comes from a new paper that studies the underrepresentation gap of ethnic minorities in local US...
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Economic History Series

The Communist Origins of China’s Embrace of Markets

Jason M. Kelly
In an excerpt from his book Market Maoists: The Communist Origins of China’s Capitalist Ascent, Jason M. Kelly explores the commercial relationships...
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News

Is China’s Political Economy Facing a New Era? A Stigler Center Webinar Explores

ProMarket writers
A Stigler Center panel, part of our new series on China’s present-day and future prospects, explores the legacy of Xi Jinping, China’s...
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Antitrust and Competition

What Economists Mean When They Say “Consumer Welfare Standard”

Leah Samuel, Fiona Scott Morton
Though coined by academic economists, the term “consumer welfare standard” has been captured and changed by the economic school of thought known...
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Corporate Governance

Elizabeth Holmes Is the Exception: More Women on Boards Lead to Less Corporate Wrongdoing

Ido Baum, Dalit Gafni, Ruthy Lowenstein Lazar
The so-called “opportunity theory” suggests that women are statistically underrepresented in white-collar offenses because they are underrepresented in higher corporate echelons. A...
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News

Why Financial Regulations Might Fail to Produce Their Desired Outcome: The Case of the Capital Conservation Buffer

Hamid Mehran
The capital conservation buffer (CCB) was created after the 2008 financial crisis, instructing banks to retain their dividends in an escrow account and...
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Antitrust and Competition

Global vs. Local: What Drives Changes in Labor’s Share of Income

Amit Zac
A new working paper examines the relationship between competition policy and the decline in the labor share across the developed world and...
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Antitrust and Competition

How Big Media Handed Digital Advertising to Big Tech

Oles Andriychuk
The current structure of digital advertising markets makes the Google-Facebook duopoly an unavoidable trading partner for every party in the content consumption...
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Antitrust and Competition

Google’s Calls for DOJ Antitrust Head Jonathan Kanter’s Recusal Are Baseless

Laurence H. Tribe
Kanter’s pre-existing commitment to aggressive antitrust enforcement, far from compromising the legitimacy of his actions, reinforces his qualifications for doing the job...
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Media

Announcing the Participants in the Spring 2022 Stigler Center Journalists in Residence Program

ProMarket writers
Next month, the Stigler Center will welcome eight world-class journalists from Nigeria, Brazil, Chile, Italy, India, Canada, and the United States for...
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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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