Research

The Illusory Promise of “Stakeholderism”: Why Embracing Stakeholder Governance Would Fail Stakeholders

Stakeholderism—granting corporate leaders discretion to give weight to the interest of all stakeholders—should not be expected to deliver its purported benefits to stakeholders. Furthermore,...

Competition in Digital Markets: What Have We Learned So Far?

A new Stigler Center working paper systematically analyzed and summarized 21 reports issued by 17 antitrust authorities and expert panels on the subject of...

Social Distancing Laws Cause Only Small Losses of Economic Activity: Scandinavian Countries as a Case Study

A new study compares the economic performance of Sweden, which avoided a government-mandated shutdown and allowed businesses to operate freely during the Covid-19 pandemic,...

When Big Tech Firms Buy Startups, Antitrust Enforcers Should Take Notice

A frequent argument made in favor of allowing Big Tech firms to acquire smaller firms is that permissive merger policy promotes innovative entry. A...

The Persuasive Effect of Fox News: How Increases in Fox News Viewership Reduced Compliance With Social Distancing Guidelines

Using zip-code level data on Fox News viewership and individual cellphone movement data, a recent study finds that increasing the local viewership of Fox...

Police Stops of Black Drivers Increase Following Trump Rallies, New Study Suggests 

A new study looks into how Trump's 2016 presidential campaign affected police behavior toward Black Americans and finds that the probability that a Black...

How Hedge Fund Performance Fees Fail Investors

In the hedge fund industry, there is a material disconnect between funds’ lifetime performance and lifetime incentive fees for managers. A new study analyzes...

Do People Think Finance Benefits Society?

A new paper seeks to measure popular sentiment toward finance based on mentions of “finance” in millions of books, spanning eight languages and hundreds...

How Personal Experiences With Covid-19 Are Changing Americans’ Behaviors and Political Views

While strong divisions persist across party lines, personal experiences with Covid-19, such as loss of income, may affect views and preferences among Americans. Since April,...

Prison Labor Can Create Perverse Incentives for Incarceration and Reduce Trust in Legal Institutions

Government proponents of prison labor should be mindful of the potential for negative effects, including increased incarceration rates and citizens’ deteriorating views on state...

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