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The Equitable Economy

ESG, Corporate Governance & Future of the Firm

My American Board: On Ken Dayton and Good Governance

John Tusa
In the second chapter of his book On Board, John Tusa describes his experience on the board of American Public Radio, which he joined...
ESG, Corporate Governance & Future of the Firm

Do Employees Benefit From Worker Representation on Corporate Boards?

Magne Mogstad
Mandated legislation of worker representation is unlikely to be the magic bullet some policy-makers have pictured. A new paper finds workers may benefit from...
ESG, Corporate Governance & Future of the Firm

Do Companies Invest In Corporate Social Responsibility At the Expense of Their Employees?

Guglielmo Briscese
The past decade has seen companies increasing investments in initiatives of corporate social responsibility (CSR), such as donating a share of profits to charity....
ESG, Corporate Governance & Future of the Firm

Millennials and Gen Z Are Willing to Accept Lower Wages to Work in More Sustainable Firms

Daniel Metzger
Firms in more environmentally friendly sectors are better able to attract and retain talent and at lower wages. Millennials and Gen Z, who are...
Antitrust and Competition

How the FTC Protected the Market Power of Pharmacy Benefit Managers

Stacy Mitchell
Pharmacy Benefit Managers (PBMs) were established in the 1960s to control drug costs but have since morphed into one of the most highly concentrated...
ESG, Corporate Governance & Future of the Firm

How Corporate Purpose Affects Firms

Claudine Gartenberg
A company’s purpose is a core aspect of the organization: it influences the financial performance of company, and relates to its ownership characteristics, compensation...
Antitrust and Competition

What Is the Price of a Prescription Drug?

Robin Feldman
Due to lack of transparency and mystery rebates, which are considered trade secrets, figuring out the price of a prescription drug is devilishly difficult....
Income Inequality

The End of the Capitalist-Worker Dichotomy and the Rise of a New Elite?

Yonatan Berman
Economists typically assume that capitalists and workers are different people. A new study, however, finds that the intersection between the top decile of capital-income...
Covid-19

Covid-19 Aggravates Existing Income, Gender, and Race Inequalities, and Further Increases Political Divisions

Marianne Bertrand
Seventy percent of Americans know someone who tested positive; one in five know someone who died from coronavirus, survey shows. For most of 2020, we followed...
Antitrust and Competition

Is There Really a Conflict Between Better Corporate Governance and More Competitive Product Markets?

Miguel Antón
A new study shows that the supposed tradeoff between better corporate governance and more competitive product markets may not exist. More commonly-owned firms have...
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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.