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Research

Antitrust and Competition

Sharing a Leader With Your Rival Firm Increases Odds of Collusion

Alejandro Herrera-Caicedo
In new research, Alejandro Herrera-Caicedo, Jessica Jeffers, and Elena Prager find that firms that share a C-suite executive or board director are much more...
Antitrust and Competition

Do Pharmaceutical Acquisitions Undermine Innovation by Disrupting Human Capital?

Carmine Ornaghi
Antitrust authorities increasingly assess mergers through the lens of innovation, particularly in research-intensive sectors such as pharmaceuticals. In new research, Carmine Ornaghi and Lorenzo Cassi show how mergers disrupt human capital and reduce innovation in what they call manslaughter acquisitions.
Cultural Economics

Mass Shootings Do Not Change How US Politicians Vote on Gun Policy

Jack Kappelman
In new research, Jack Kappelman and Haotian Chen investigate how mass violence impacts legislative voting on firearm-related bills. They conclude that on average, state...
Income Inequality

Why Private Market Funds Are Dangerous for Retail Investors

Ben Bates
In new research, Ben Bates examines the recent wave of funds designed to open private markets to retail investors. Such funds both underreport volatility and perform worse than comparable funds aimed at wealthier investors.
Democracy

When Governments Stop Publishing Notices in Newspapers, Does Anyone Notice?

Kimberlyn Munevar
In new research providing the first systematic evidence on public notices, Kimberlyn Munevar, Anya Nakhmurina, and Delphine Samuels examine how Florida's 2023 law allowing local governments to stop publishing public notices in newspapers has affected citizen engagement in local governance.
Fiscal Policy

How Federal Surveys Quietly Reshape Local Infrastructure Spending

Matthias Breuer
In new research, Matthias Breuer and Qingkai Dong examine how federal data collection can influence local spending. They examine road surveys, showing that roads included in federal samples are more likely to be funded and those that are not often face funding and safety declines, reflecting a need for improved measurement systems.
Cultural Economics

How Diversity Shapes Cooperation After Natural Disasters

Pablo Balán
In recent research, Pablo Balán, Agustín Vallejo, and Pablo M. Pinto examine how diversity affects cooperation between neighbors after a natural disaster. They find that more diverse neighborhoods were less likely to cooperate with each other on recovery efforts after Hurricane Harvey.
Antitrust and Competition

How To Link Competition Law With Democracy

Stavros Makris
In the second of two articles, Stavros Makris and Filip Lubinski discuss how governments can reimagine competition policy to protect democracy and citizen welfare without abandoning traditional consumer welfare goals like innovation.
Antitrust and Competition

Has Competition Law Failed Democracy?

Stavros Makris
In the first of two articles, Stavros Makris and Filip Lubinski discuss the connection between economic competition and democracy and how competition law allowed Big Tech to undermine both.
Antitrust and Competition

When Search Becomes Advice and Advice Raises Prices

Amit Zac
In new experimental research, Amit Zac and Michal Gal find that users who use artificial intelligence chatbots to conduct online shopping are being directed to established brands at higher prices without a clear improvement in quality. The logic of AI algorithms risks consolidating markets around established firms while reducing consumer welfare for shoppers.
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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.