Investigative Journalism

Announcing the Participants in the Fall 2021 Stigler Center Journalists in Residence Program

This month, the Stigler Center will welcome eight world-class journalists from the United Kingdom, Brazil, China, Romania, Ukraine, Slovenia, and the United...

Capitalisn’t Is Back: Can Economists and Journalists Work Together to Improve Capitalism?

Is capitalism the engine of prosperity, or is it the engine of destruction? On this podcast, we talk about the ways capitalism...

NYC Journalists, Join Us for an Info Session on the Stigler Center’s Journalists in Residence Program

To mark the JIR program’s second year, we will hold an informational session at NYU’s Torch Club in New York on September 19.     Earlier this...

The Stigler Center’s Mediapart Case Study Now Available in French

The Stigler Center's case study focuses on the success of the French online news website and explores the economics of media companies in the face of...

Can Investigative Journalism Overcome the Rational Ignorance of Voters?

In the third and final part of our interview with Stanford economist James Hamilton, we discuss the connection between investigative journalism, human interest stories...

"Information Is a Public Good"

In the second part of our interview with Stanford economist James Hamilton, we discuss the costs of investigative journalism, the link between the degree of...

"There's a Set of People Who Do Understand What's Going on in Washington, But That Story Isn't Told Broadly"

How much does investigative journalism cost? What are its benefits? Why is it so hard to monetize? Can markets keep on providing this service?...

Can Investigative Journalism Be Profitable? France’s Mediapart Shows That It Can Be

Is investigative journalism a private or public good? A new Stigler Center case study focuses on the success of French online news website Mediapart...


How US Antitrust Enforcement Against Xerox Promoted Innovation by Japanese Competitors

Xerox invented modern copier technology and was so successful that its brand name became a verb. In 1972, U.S. antitrust authorities charged Xerox with monopolization and eventually ordered the licensing of all its copier-related patents. As new research by Robin Mamrak shows, this antitrust intervention promoted subsequent innovation in the copier industry, but only among Japanese competitors. Nevertheless, their innovations benefited U.S. consumers.

Revising the Merger Guidelines To Return Antitrust to a Sound Economic and Legal Foundation

The draft Merger Guidelines largely replace the consumer welfare standard of the Chicago School with the lessening of competition principle found in the 1914 Clayton Act. This shift would enable the Federal Trade Commission and Department of Justice Antitrust Division to utilize the full extent of modern economics to respond to rising concentration and its harmful effects, writes John Kwoka.

How Anthony Downs’s Analysis Explains Rational Voters’ Preferences for Populism

In new research, Cyril Hédoin and Alexandre Chirat use the rational-choice theory of economist Anthony Downs to explain how populism rationally arises to challenge established institutions of liberal democracy.

The Impact of Large Institutional Investors on Innovation Is Not as Positive as One Might Expect

In a new paper, Bing Guo, Dennis C. Hutschenreiter, David Pérez-Castrillo, and Anna Toldrà-Simats study how large institutional investors impact firm innovation. The authors find that large institutional investors encourage internal research and development but discourage firm acquisitions that would add patents and knowledge to their firms’ portfolios, hampering overall innovation.

The FTC Needs To Focus Arguments on Technological Transitions After High-Profile Losses

Joshua Gray and Cristian Santesteban argue that the Federal Trade Commission's focus in Meta-Within and Microsoft-Activision on narrow markets like VR fitness apps and consoles missed the boat on the real competition issue: the threat to future competition in nascent markets like VR platforms and cloud gaming.