Corporate Governance

ProMarket Interview: Robert J. Shiller on Competition, Deception and Rent-Seeking

Yale economist and Nobel Prize Laureate Robert J. Shiller explains why competition in itself does not always weed out deception and rent-seeking. “Our free-market system...

ProMarket Graph: Is There a Correlation Between Perception Measures and Reported Levels of Corruption?

New graph compares corruption perception indexes with reported cases of corruption.  What is the best way to measure corruption, and can there be a reliable way to...

“The President’s Executive Order is Pro‑Market and Anti‑Abusive Market Power”

Ten days after the White House issued an executive order and a brief that highlights growing concentration and decreasing competition in the US economy,...

Corporate Governance Externalities: How Directors’ Reputational Concerns Shape Governance of Other Firms

A new paper by Wharton’s Doron Levit and Carroll’s Nadya Malenko fleshes out the role that reputation plays in shaping the structure and effectiveness of...

The US Government Loses As Much As $111 Billion Annually Due to Corporate Tax Dodging

Report: For every dollar spent on lobbying, the 50 largest corporations received more than $4,000 in government support. The US government is losing as much...

The White House Acknowledges: The U.S. Has a Concentration Problem; President Obama Launches New Pro-Competition Initiative

President Barack Obama issues an executive order that calls on federal government agencies to promote competition within uncompetitive markets. President Barack Obama launched a broad new...

Stigler Center Talk: Uber and the Future of Work-On-Demand

David Plouffe,  board member and Chief Advisor at Uber, is coming to give a talk at the Stigler Center. Within seven years, Uber has managed...

“It’s Difficult to Produce Good Policy in Thin Political Markets”

Harvard Business School’s Karthik Ramanna, author of Political Standards, outlines the potential harms of thin political markets and offers ways to mitigate capture. “It’s difficult...

Is There a Crisis in the Economic Theory of the Firm? Participants at Harvard Business School Conference Agree: Firms Try to Change the Rules...

A novel conference at Harvard Business School brought together top scholars in order to answer the question: Is Milton Friedman’s dictum that firms that...

“What We Have is Capture of the Regulators’ Minds, A Much More Sophisticated Form of Capture Than Putting Money in Their Pockets”

Barry C. Lynn, author and director of New America’s Open Markets program, explains how every major industry and marketplace in America came to be controlled...

LATEST NEWS

New Study Warns Antitrust Inaction May Lead To Acceptable Collusion for Public Policy Considerations

The modernization of EU antitrust laws muddied the water with regard to the ways that antitrust authorities and courts should handle situations...

Dark Money Dominates Spending by Special Interest Groups and Sways Elections

New research on undisclosed and unlimited political contributions, or dark money, exposes the increasing role that such funds play in U.S. elections.

The “Conspiracy” of Consumer Welfare Theory

Matt Stoller argues there was a conspiracy. It was more of an association with a singular purpose.

Researchers Find Reduced Competition After Pandemic

The chart of the week comes from a new research paper that documents the increase in small business closures during the Covid...

Voters Still Believe Politics is About the Common Good, Not Just Rent-Seeking

Do voters still believe that politics can be a source for common-good policies and not just partisan bickering and rent-seeking? With political...