The Equitable Economy

Trade wars between the United States and Canada have sharply reduced the number of Canadian tourists traveling to the U.S. In new research, André Kurmann, Étienne Lalé, and Julien Martin use novel methods to measure how this decline in tourism has negatively impacted American workers and communities.

The House v. NCAA private antitrust settlement professionalized collegiate sports by requiring colleges and universities to compensate student athletes. The case has changed the economics of college sports, pushing schools to spend big to pay for top athletes to field teams that compete for championships. New research from the Progressive Policy Institute finds that although the new model has narrowed success to the top programs, the ability for schools to pay for success has now been mostly priced in, writes Diana L. Moss.

In new research, Luis Armona and Adam Rosenberg argue that current state firearm excise taxes inadequately address gun-related crimes. They propose a tax that benefits society by targeting guns responsible for the most homicides, while accommodating the challenging political economy of firearms regulation in the United States.

Matt Lucky reviews The Wage Standard: What’s Wrong in the Labor Market and How to Fix it by Arindrajit Dube, now out at Penguin Press.

In new research, Daniel Lobo and Ryan Brutger theorize that American concepts of fairness are shaped by race and lived experiences. In a national survey experiment, they confirm that white and Black Americans view differently what constitutes “fair” trade policy.

In new research, Renuka Diwan, Paul Eliason, Riley League, Ryan C. McDevitt, James W. Roberts, and Jetson Leder-Luis investigate how Medicare’s shift to a competitive bidding system to reduce prices has inadvertently shifted market share to fraudulent suppliers.

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 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.

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.

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.