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Research

Populism

The Historical Cost of Populism

Moritz Schularick, Christoph Trebesch, Manuel Funke
Most work on populism has investigated the reasons why voters choose populist leaders and governments. In new research, Moritz Schularick,  Christoph Trebesch,...
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Globalization

Globalization’s Uneven Impact on Women’s Occupational Attainment

Yoav Roll, Moshe Semyonov, Hadas Mandel
The literature on globalization’s impact on women’s workforce participation generally takes a positive outlook but still produces mixed results. In their research,...
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Fiscal Policy

Are Sovereign Green Bonds Anything More than a Fad?

Daniel C. Hardy
It has become fashionable for governments to issue “green” bonds to fund the transition to sustainability. However, sovereign green bonds as currently...
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Labor

How Women in the Workplace Has Changed Over the Last 50 Years

Stefania Albanesi, Claudia Olivetti, Barbara Petrongolo
Decades of progress have seen greater opportunities for women in the workplace, but sizable gender gaps still remain. Stefania Albanesi, Claudia Olivetti...
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Income Inequality

To Understand Earnings Inequality, We Need To Study Hours Inequality

Daniele Checchi, Cecilia García-Peñalosa
A growing literature on income inequality and labor earnings has overlooked the contribution of disparities in hours worked. In new research with...
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Research

Policies To Reduce GHG Emissions Should Look to Agricultural Carbon Markets

Oranuch Wongpiyabovorn, Alejandro Plastina, John Crespi
As governments and companies look for ways to reduce greenhouse gas emissions, agricultural sequestration offers one promising method to combat climate change....
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Research

Investors Are Failing To Take into Account the Green Transition

Shaojun Zhang
A stock market that has priced in the transition risk away from greenhouse gasses would see higher future returns, the so-called carbon...
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Antitrust and Competition

How the AT&T Case Can Inform Big Tech Breakups

Monika Schnitzer, Martin Watzinger
Breaking up companies that antitrust regulators consider too dominant can be costly and might negatively impact innovation and consumer welfare. As economists...
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Antitrust and Competition

A New Merger Tool Protects Consumers from Limits of the Cournot Effect

Alessandro S. Kadner-Graziano
The widely accepted Cournot effect assumes that the merger of complementary firms benefits downstream firms and consumers (in addition to the merged...
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Antitrust and Competition

User Hesitancy Increases Online Platforms’ Incumbency Advantage

Jacques Crémer, Gary Biglaiser, Andre Veiga
“Incumbency advantage” among Big Tech platforms recognizes that network effects prevent users from leaving established platforms for emerging competitors. Gary Biglaiser, Jacques...
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Development

Mobile Internet Is Changing Employment in Developing Countries, but Not Always as Expected

Pinelopi Koujianou Goldberg, Gaurav Chiplunkar
Scholars and policymakers have put much faith into the prospect of internet connectivity catalyzing development in low- and middle-income countries. In new...
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Fiscal Policy

Biden’s Second-Best Economic Agenda

Walter Frick
Efficiency is out and political economy is in. But what does that imply about making good policy?
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Monetary Policy

The Fed and Bank Failures

Raghuram Rajan, Viral V Acharya
Viral Acharya and Raghuram Rajan explain how quantitative easing contributed to the problems underlying the recent bank failures such as that of...
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Antitrust and Competition

Self-Preferencing Theories Need To Account for Exploitative Abuse

Patrice Bougette, Oliver Budzinski, Frédéric Marty
Patrice Bougette, Oliver Budzinski, and Frédéric Marty argue in their research that antitrust authorities on both sides of the Atlantic must take...
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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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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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