public policy

Foreign Influence Benefits Foreign Firms and Governments but the Benefits to Americans Are Less Decided

In new research, Marco Grotteria, Max Miller, and S Lakshmi Naaraayanan create and analyze a dataset of more than 12,000 FARA filings to investigate the drivers and outcomes of foreign lobbying of U.S. legislators. Their findings can help inform new laws and regulations that improve government transparency and prevent the more nefarious effects of foreign lobbying.

Economists Are Still Right About Airline Deregulation!

Would increasing regulation of the U.S. airline industry resolve the issues that Americans have heard about and experienced in the past few...

Are Sovereign Green Bonds Anything More than a Fad?

It has become fashionable for governments to issue “green” bonds to fund the transition to sustainability. However, sovereign green bonds as currently...

Policies To Reduce GHG Emissions Should Look to Agricultural Carbon Markets

As governments and companies look for ways to reduce greenhouse gas emissions, agricultural sequestration offers one promising method to combat climate change....

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

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

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...

LATEST NEWS

Antitrust and Competition

Creation over Time in Copyright and Patent

Randy Picker

On May 18, the United States Supreme Court decided two intellectual property cases with two seemingly different results. A closer look, however, reveals a complimentary concern with the monopolistic power of first movers and how the legal system should enable innovation from second movers over time, writes Randy Picker.

Event Notes

ESG Standards’ Good, Bad and Ugly

ProMarket writers

The Stigler Center for the Study of the Economy and the State hosted a virtual event discussing the standards, metrics and disclosures of investments focused on Environmental, Social and Governance (ESG) goals. The following is a transcript of the event.

Commentary

Reregulate.

Lee Hepner, William J. McGee

Lee Hepner and William J. McGee respond to Clifford Winston’s ProMarket piece asserting that further deregulation of the airline industry would resolve problems in the industry. Instead, the authors claim a return to regulation would produce better results for travelers.

Antitrust and Competition

A World With Far Fewer Mergers

Brooke Fox, Walter Frick

Brooke Fox and Walter Frick analyze research and ideas presented at the Stigler Center Antitrust and Competition Conference that question the value of mergers.

Commentary

The Banking Risks of Central Bank Digital Currencies

Vibhu Vikramaditya

The implementation of central bank digital currencies as the primary medium of exchange would exacerbate the flaws of our current fiat system which encourage banks to overextend credit and create liabilities that they cannot redeem. This will worsen the already recurring cycles of financial crises, writes Vibhu Vikramaditya.