In new research, Markus Eberhardt, Giovanni Facchini, and Valeria Rueda find that a growing share of PhD graduates from top U.S. economics programs are leaving academia, looking beyond North America, and moving into the private sector, especially towards the tech industry.

All merger reviews come with uncertainty, but the culture among courts, consultants, and regulators is to pretend that sophisticated modeling can eliminate uncertainty, and thus any uncertainty reflects poor econometric analysis. Creating standards of uncertainty would produce more honest analysis and better competition outcomes, writes Bart Lahcen.

In new research, Annette Alstadsæter, Niels Johannesen, Ségal Le Guern Herry & Gabriel Zucman find that Norwegian households that become wealthy today are much less likely to adopt offshore tax evasion strategies under modern high-transparency standards. 

In new research, Tingting Song examines how FRAND principles typically used to discipline excessive or discriminatory terms in SEP licensing can be applied to data brokers in data licensing.

In new research, Blake Jackson and Ilya Strebulaev track the careers of 100,000 people working at venture capital firms in the United States to ask which investors succeed and why. They find that five percent of VCs generate 90 percent of the industry's profits, that the backgrounds investors bring with them predict who ends up in that group, and that public recognition itself opens the doors to the deals that keep them at the top.

In new research, Pranjal Drall and Andrew Granato argue that the move of private equity firms into life insurance has increased the probability that insurers will go insolvent. If they do, under an obscure system of insurance guaranty funds, the losses will spread out beyond the insolvent insurer’s creditors to other insurers and, ultimately, taxpayers.