Corporate Governance
Market Power and Inequality: How Big Should Antitrust’s Role Be in Reducing Inequality?
Is the rise of wealth inequality in the United States related to a decline in competition? A new paper answers in the affirmative.
Is the...
Is More Antitrust the Answer to Rising Wealth Inequality?
University of Michigan professor Daniel Crane: “The story that somehow antitrust law is dead, that it’s been killed, is wrong. It hasn’t. It’s very...
Why Firms’ Shareholders Condone Seemingly “Excessive” Executive Pay Packages, and What it Means For the Economy
If the large mutual funds are out to improve governance, why do they condone, if not encourage, seemingly excessive and performance-insensitive compensation packages? A new...
Horizontal Shareholding, Antitrust, Growth and Inequality
Harvard Law School professor Einer Elhauge goes back to the days of Thurman Arnold, the head of the antitrust division in the FDR administration,...
The Surprising Failure Of Food Labeling
If lawmakers want to improve the dietary choices of Americans, the first thing they need to recognize is that the problem is not information.
(Note:...
Who Killed Corporate Reputation?
Regulation and reputation are not independent of each other. Regulation can substitute, crowd out, or even implement the power of reputational concerns. A better understanding...
Raghuram Rajan Unexpectedly Leaves RBI
In an unexpected move that will likely reverberate throughout India’s political system and financial sector, Rajan announced he will not seek a second term...
“If Uber Was a Government Program, There Would be Parades Thrown”: David Plouffe on Uber, Regulation, and Disruption
Uber’s chief advisor in a conversation with Chicago Booth professor Guy Rolnik: “We’re called a disruptive company—I think it’s more accurate to call us...
RBI Governor Rajan’s Fight Against Crony Capitalism
The Governor of India’s Central Bank, Raghuram Rajan, is attacked for fighting the inefficiency of the banking system.
In any country in the world, a...
A Moment To Reform Accounting Rulemaking?
The European Parliament is due to formally adopt a cross-party report that is strongly critical of accounting standard-setting institutions, in particular the International Accounting...
