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Reaching for Influence: Do Banks Use Loans to Establish Political Connections?

Mahsa Kaviani
A new study examines whether privately-owned banks seek political influence by offering preferred loan terms to corporate borrowers with valuable political connections, showing that...
Antitrust and Competition

A New Antitrust Under Biden? Lessons From the Presidency of Theodore Roosevelt

Richard Baker
The early history of the Sherman Antitrust Act offers relevant insights to contemporary debates on how to best enforce antitrust laws. In fact, the...
Antitrust and Competition

Who Benefits From Competitive State-Level Legislatures?

Manav Raj
A new paper finds that when interparty competition in state legislatures is high, well-connected and influential incumbent firms are best able to take advantage...
ESG, Corporate Governance & Future of the Firm

No More “Mystery Meat”: Why We Need Better Corporate Governance Data

Jens Frankenreiter
Three decades of finance, economics, and legal studies in corporate governance have been built substantially on data sets with nearly unknown provenance. A new...
Antitrust and Competition

Concentration in the EU: Where It is Increasing and Why

Pauline Affeldt
Increasing concentration is not unique to the US—recent studies show that concentration is rising in Europe as well, although to a lesser extent than...
Income Inequality

Most Americans Consider Themselves Middle-Class. But Are They?

Jeffrey Wenger
There are different ways of determining who should be considered middle-class. But there is one thing they have in common: all reveal that the...
Antitrust and Competition

Lobbying for Globalization: How the Winners Dominate the Politics of Trade Agreements

Michael Blanga-Gubbay
Lobbying on free trade agreements has been dominated by a few very large firms, which experience large gains as a result of the entry...
Income Inequality

What the US Can Learn From Denmark About Inequality and Social Mobility

James J. Heckman
Denmark has many generous social policies that American progressives seek to emulate. Yet Denmark also has substantial inequality of child outcomes across social and...
Covid-19

Female Academics Are Disproportionately Affected By Covid-19 Disruptions In Childcare

Tatyana Deryugina
A new paper finds that academics who are parents to young children, and especially mothers, have lost a significant amount of research time that...
Covid-19

The Unequal Toll of Covid-19

Neha Deopa
A pandemic is by definition universal but while it is true that the Covid-19 outbreak has affected everyone, it has not done so equally....
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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.