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RESEARCH

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New eBook Revisits George Stigler’s Theory of Regulatory Capture 50 Years Later

Filippo Lancieri, Luigi Zingales
To mark the 50-year anniversary of George Stigler’s seminal piece, “The Theory of Economic Regulation” we are publishing a new eBook examining...
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News

Firms Gerrymander Ownership of Polluting Plants to Reap Public and Regulatory Benefits

Janet Gao, Ran Duchin, Qiping Xu
New research has discovered that many companies who appear to sell, or ‘divest,’ their toxic plants, actually retain relationships with their buyers....
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Money in Politics

Characteristics and Behavior of the Rising Class of Small Campaign Donors

Laurent Bouton, Julia Cagé, Edgard DeWitte, Vincent Pons
New research on US political donations under $200 reveals characteristics of these donors as well as their motivations. A  Q&A with the...
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Inequality

Do Protests Matter At All for Shifting Government Policy Around Economic Redistribution?

Belinda Archibong
New research on the effectiveness of protests on government distributions provides insights into the political incentives of a country’s leadership and the...
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Corporate Governance

How Enlightened is Enlightened Shareholder Value?

Lucian Bebchuk, Kobi Kastiel, Roberto Tallarita
There has been growing support for replacing the traditional corporate purpose with so-called “enlightened shareholder value,” which would guide firms to consider...
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Economic History Series

Corporate Sovereigns and the Emergence of State Sovereignty: A Closer Look at the East India Company

Swati Srivastava
A new data collection has made it possible to reveal the self-sovereignty of the English East India Trading Company that produced a...
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Antitrust and Competition

New Data Shows the Rise of Corporate Concentration in the US in the Past 100 Years

Yueran Ma
New research observing 100 years of concentration in economic activities and investment in research and development shows that the dominance of large...
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Corporate Governance

Are “Bankruptcy Directors” Bad for Creditors?

Jared Ellias, Ehud Kamar, Kobi Kastiel
A new paper studies the rise of so-called “bankruptcy directors,” typically former bankruptcy lawyers, investment bankers, or distressed debt traders who join...
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News

Chart of the Week: Two-thirds of Germans Support Russian Energy Embargo

Brooke Fox
A new survey of German citizens reveals the steps they'd support to help Ukrainians and punish Russia.
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Antitrust and Competition

The Economic Costs of Common Ownership

Florian Ederer, Bruno Pellegrino
A new empirical study attempts to estimate the economy-wide welfare costs of common ownership. The authors find that they are large and...
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Antitrust and Competition

Antitrust and Rule by Judges

Paul Tucker
The early-1980s Posner-Stigler memorandum to incoming president Reagan’s transition team is interesting for a host of reasons, but most of all in...
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Antitrust and Competition

Should the European Union Require Tech Firms to Adopt a Common Charger?

Federico Innocenti, Martin Peitz
According to a new European Commission directive expected to be approved in the next few months, tech firms will have to use...
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News

Chart of the Week: Economists Don’t Think Congress Should Make Price Gouging Illegal

Brooke Fox
Most economists disagree with a new bill in the US that would set limits on "unconscionably excessive prices," according to a recent...
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Antitrust and Competition

Neoliberal Economists Are Giving Biden Bad Advice on Inflation

Hal Singer
To spare the economy from the pain of further interest rate hikes, the President should aggressively pursue anticompetitive conduct by companies in...
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Antitrust and Competition

How Would the Big Tech Self-Preferencing Bill Affect Users? 

Randy Picker
The Senate looks to be nearing a vote on the American Innovation and Choice Online Act, which would prohibit gatekeeping digital platforms...
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News

New eBook Revisits George Stigler’s Theory of Regulatory Capture 50 Years Later

Filippo Lancieri, Luigi Zingales
To mark the 50-year anniversary of George Stigler’s seminal piece, “The Theory of Economic Regulation” we are publishing a new eBook examining...
Read more
News

Firms Gerrymander Ownership of Polluting Plants to Reap Public and Regulatory Benefits

Janet Gao, Ran Duchin, Qiping Xu
New research has discovered that many companies who appear to sell, or ‘divest,’ their toxic plants, actually retain relationships with their buyers....
Read more
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