Corporate Governance
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...
Alan Rusbridger is Gone from The Guardian, But Is There Still a Business Model for Independent Journalism?
Many people like to think of media as another market where competition drives innovation, quality, and integrity. But this is not always the case.
The following...
Are Newspapers Captured by Banks? Evidence From Italy
The inaugural piece of a new ProMarket mini-paper series.
Preamble
In the intellectual debate there is a gap between academic papers and policy opinions, even those...
