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Research

News

Chart of the week: US Economists on a Total Russian Oil Ban

Brooke Fox
US economists surveyed by Chicago Booth's Initiative on Global Markets shows that most agree that a total ban on Russian oil imports would carry...
Covid-19

How the Covid-19 Pandemic Put Corporate Stakeholder Promises to the Test

Lucian Bebchuk
Prior to the outbreak of Covid-19, corporate leaders pledged to look after all stakeholders, not just deliver value to shareholders. Did they live up...
Income 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 politics. In a...
ESG, Corporate Governance & Future of the Firm

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

Ido Baum
The so-called “opportunity theory” suggests that women are statistically underrepresented in white-collar offenses because they are underrepresented in higher corporate echelons. A forthcoming paper...
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 finds that...
Economic History

When Milton Friedman Sided With Keynes Over Hayek on Inflation

Nicholas Wapshott
In an excerpt from his book Samuelson Friedman: The Battle Over the Free Market, Nicholas Wapshott explores the disagreements between Friedman and Hayek over...
ESG, Corporate Governance & Future of the Firm

How Much Can We Trust Index Funds on Climate Change?

Roberto Tallarita
According to a theory that is gaining support among academics and practitioners, we should expect index fund managers to undertake the role of “climate...
Antitrust and Competition

Antitrust Should Be Used as a Targeted Response to Employer Concentration, But It Can’t Do Everything

Gregor Schubert
A large and growing body of research demonstrates that employer concentration affects the wages of many American workers. Antitrust is an important tool in...
News

Who Bears the Cost of Administrative Problems in Health Care?

Joshua Gottlieb
A new paper explores the resources consumed by the complicated billing process in health care and the process’ impact on patients’ access to care. Health...
Antitrust and Competition

Tech Platforms and the Antitrust Duty to Deal

Erik Hovenkamp
Why is there a widespread view that existing American antitrust law is ill-equipped to address dominant platforms that exclude or discriminate against rivals? How...
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The publication of the Stigler Center at The University of Chicago Booth School of Business

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.