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Research

Regulation

Anatomy of a Supervisory Failure

Niccolò Comati
For its entire 15-year life as a regional bank, SVB held the same risky bet. The risks were visible the whole time, yet supervisors reacted only once losses had materialized. SVB's collapse is less a story of hidden danger than of a supervisory system that polices process rather than risk.
Research

State Corruption Influences Government Transparency During Elections

Ray Fisman
In new research, Raymond Fisman, Aron Malatinszky, and Eyüb Yegen find that states with higher levels of corruption are more likely to delay or reject requests for government data required by freedom of information laws in the leadup to elections.
ESG, Corporate Governance & Future of the Firm

Corporate Leaders Have Moved Left, But the Money Hasn’t Followed

Reilly Steel
In new research, Reilly S. Steel finds that corporate leaders’ individual political preferences are shifting left, but their aggregate spending remains skewed to the right. 
Democracy

American Slaveholders Lost Their Wealth but Kept Their Political Power

Luna Bellani
In new research, Luna Bellani, Anselm Hager, and Stephan Maurer examine how the abolition of slavery after the American Civil War affected the political influence of former slaveholders. Despite the blow to their economic standing, former slaveholders maintained their electoral success, and once in office, their influence actually grew.
Cultural Economics

School Smartphone Bans Show No Effect on Youth Mental Health

Henry Saffer
Following a decade of declining youth mental health, many states have attempted to limit children’s access to social media and the internet by banning smartphones in schools. In new research, Henry Saffer finds no evidence that in-school smartphone bans have any effect on the screentime or mental well-being of young Americans.
Cultural Economics

How Newspaper Competition Fueled Quebec’s 1837 Rebellion

Patrick Crawford
In new research, Patrick Crawford and Vincent Geloso find that areas in Lower Canada with more newspaper competition were more likely to rebel in Quebec’s 1837 Rebellion. Irrespective of political leaning, newspapers in more competitive markets helped citizens to share grievances and coordinate their actions.
Regulation

Property Rights Provide an Exit From Social Institutions

Pablo Balán
In new research, evidence from a land titling campaign in the Democratic Republic of Congo shows that formal property rights can do more than secure land: they can give citizens an exit from costly informal obligations, writes Pablo Balán.
Cultural Economics

America’s Most Effective Birth Control Wasn’t a Policy. It Was a Phone.

Ezekiel (Zeke) Hooper
In new research, Cailtin K. Myers and Ezekiel Hooper find that birth rates in the United States have declined as a result of the introduction of the iPhone. They theorize that the smartphone is crowding out the market for attention, offering a device to fill users’ time that replaces forming in-person relationships that typically create children. 
Antitrust and Competition

When Competitors Share Owners, They Automate More and Hire Less

Joseph Emmens
In a new paper, Joseph Emmens, Dennis C. Hutschenreiter, Stefano Manfredonia, Felix Noth, and Tommaso Santini find that when competitors for the same pool of workers share investors, they increase their innovation to automate tasks and slow down hiring.    
Cultural Economics

Faculty Campaign Contributions Reveal a Homogeneous Academic Marketplace of Ideas

David Primo
In new research for the Foundation for Individual Rights and Expression, David M. Primo uses campaign contribution data to show that professors at leading universities are more politically active than the average American and skew heavily to the left politically, raising concerns about the diversity of perspectives on college campuses.    
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