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market design

The Texas Blackouts and the Problems of Electricity Market Design

Even in an ideal electricity market, reliability is an elusive and precarious byproduct of companies’ search for profits. Since market designers are...
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How Market Design Economists Helped Engineer a Mass Privatization of Public Resources

In 2017, the Federal Communications Commission conducted a complex two-sided auction to reallocate spectrum from broadcasters to mobile communications companies. The way...
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LATEST NEWS

Event Notes

Event Notes: “China’s Political Economy” in Review

Andy Shi
The Stigler Center's "China Political Economy" webinar series returns Thursday, February 9. Here's a reminder of what we covered in our first...
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Economic History

To Build an Equitable Economy, We Must Understand Capitalism’s Racist Heritage

Elizabeth Kennedy
American capitalism was built on racial exploitation, from the enslavement of Black people to institutionalized discrimination and its structural impact on our...
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Industrial Policy

How To Ensure Industrial Policy Promotes Public Over Private Gain

Lenore Palladino
Industrial policy was once so out of fashion that it was jokingly called “the policy that shall not be named.” Now it’s...
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Fiscal Policy

More than Economics, Ideology Determines US Voters’ Preferences for Redistribution

Gustavo de Souza
The US stands out among developed economies for its comparatively low level of redistribution as a percentage of GDP. Gustavo de Souza...
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Research

Stakeholder Motivations for “Private Sanctions” Against Russia

Utsav Gandhi
As the war in Ukraine enters its second year, a new study measures stakeholders’ desire to see their firms exit Russia and...
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ProMarket is dedicated to discussing how competition tends to be subverted by special interests. The posts represent the opinions of their writers, not necessarily those of the University of Chicago, the Booth School of Business, or its faculty. For more information, please visit ProMarket Policy.

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