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What is the Connection Between Collective Bargaining and Police Officer Misconduct? Evidence from Florida

Dhammika Dharmapala, Richard H. McAdams, John Rappaport
A working paper finds that after sheriffs’ deputies in Florida were allowed to unionize, violent incidents increased by 40 percent.
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Covid-19

Revenge of the Experts: Will Covid-19 Diminish Trust in Science and Scientists?

Cevat Giray Aksoy, Barry Eichengreen, Orkun Saka
It is often argued that the Covid-19 pandemic will reverse the ongoing trend of diminishing trust in science and scientists. A new...
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ESG & Corporate Governance

Call for Papers: Should Corporations Have a Social Purpose?

ProMarket writers
The Stigler Center is launching its fourth Political Economy of Finance conference and seeking papers on topics related to corporate social responsibility,...
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Covid-19

How Were the PPP’s $660 Billion for Small and Medium Firms Allocated?

John M. Barrios, Joost Sijthoff, Michael Minnis, William Minnis
A new study suggests that the Payroll Protection Program's funds were primarily allocated based on 2019’s estimated payroll, which is how the...
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Antitrust and Competition

Paid to Show the Drug Works: Why “Blind” Clinical Trials for New Drugs are Far Less Blind Than They Should Be

Jessie Wrobel
New research shows that physicians in industry-sponsored trials are more captured by pharmaceutical companies than physicians in unsponsored ones.
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News

How Political Conflict Shapes Macroeconomics: Alberto Alesina’s Intellectual Legacy

Guido Tabellini
One of the most respected economists of his generation, Harvard professor Alberto Alesina suddenly died at 63. His friend and colleague Guido...
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News

We Need More Respectful and Inclusive Experiments in Development Economics: A Proposal

Francesco Loiacono, Mariajose Silva Vargas, Apollo Tumusiime
After many years of field research in Uganda, three economists outline how to prevent a powerful research tool such as randomized...
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Covid-19

When and How the US Should Reopen Is a Matter of Politics, Trust in Institutions and Media, Survey Says

Marianne Bertrand, Guglielmo Briscese, Maddalena Grignani, Salma Nassar
A new survey from the Rustandy Center and the Poverty Lab at the University of Chicago finds that political party affiliation and...
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Covid-19

Why Social Distancing Measures Seem Less Effective in the US

Gabriele Borg, Samuele Giambra, Samsun Knight
Guidelines assume that the less people move around, the less likely they are to be in contact. However, phone location data show...
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Covid-19

After the Lockdown: Italian Consumers Are Cautious About Returning to Normal

Guglielmo Briscese, Nicola Lacetera, Mario Macis, Mirco Tonin
The effects of reopening commercial and recreational activities depend not only on legislative provisions but also on the propensity of consumers to...
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Antitrust and Competition

Startup Acquisitions Have Undecided Effects on Innovation and Economic Growth

Christian Fons-Rosen, Pau Roldan-Blanco, Tom Schmitz
Startups are a major driver of innovation, but many startups are acquired by large incumbents. Do these acquisitions stifle innovation or promote...
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ESG & Corporate Governance

History Shows that Voluntary ESG Standards Lead to a More Focused ESG Disclosure

Ethan Rouen, Kunal Sachdeva, Aaron Yoon
In recent years, ESG reports have become more common for publicly traded companies. However, critics have found the information they provide to...
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Regulation

Letters that Matter: How Interest Groups Shape Financial Legislation

Renée Adams, Thomas Mosk
Members of Congress are inundated with an avalanche of correspondence on a daily basis. But what persuades them to heed the call?...
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Labor

Are There Really Gender Pay Differences in the CEO Labor Market?

Massimiliano Tani, Keiran Sharpe, Andrew Valentine
The gender pay gap is a well-documented phenomenon in global labor markets, but this gap does not seem to apply to the...
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Monetary Policy

How Many Banks Are at Risk of Insolvency Right Now?

Amit Seru, Erica Xuewei Jiang, Gregor Matvos, Tomasz Piskorski
Given the recent banking turmoil and failure of SVB and Signature and issues in First Republic, it is important to understand the...
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Misinformation

The Challenges of Regulating Disinformation

Federico Vaccari
In response to rising concerns about political disinformation, governments have introduced a slew of interventions. Federico Vaccari warns in new research that...
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Development

India’s Evolving Industrial Policy Is Critical for Realizing Its Development Vision

Nagesh Kumar
Industrial policy was once so out of fashion that it was jokingly called “the policy that shall not be named.” Now it’s...
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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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