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regulatory capture

How Interest Groups Utilize Reverse Revolving Doors to Influence Legislative Voting

A new study finds that legislators who worked for interest groups before taking office influence the voting behavior of their colleagues when...
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Unreliable Accounts: How Regulators Fabricate Conceptual Narratives to Diffuse Criticism

In 2010, as the world was reeling from the global financial crisis, the body that determines generally accepted accounting principles for listed...
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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...
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“Comments for Sale”: Charitable Donations Can Lead Non-profits to Support Corporate Regulatory Agendas

A new paper shows how financial ties between companies and non-profits can subvert rulemaking process and lead to regulations that favor the...
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What’s Behind Amazon’s Demand that FTC Chair Lina Khan Recuse Herself?

Amazon’s attempt to get Khan to recuse herself from any antitrust investigation into the company is not the first time that a...
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The Metaphysics of Regulatory Capture

Stiglerian capture and corrosive cultural capture, its left-leaning parallel, are ostensibly symbionts, two attempts at identifying impediments to keeping markets competitive by...
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Assessing George Stigler’s Economic Theory of Regulation

Despite its flaws and limitations, Stigler’s seminal article on the theory of economic regulation remains an important piece of scholarship worthy of...
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The Many Faces of Stigler’s Theory of Economic Regulation: Interest Group Politics Still Thrives—But Industry Often Comes Second

Stigler treats industry groups as the heavyweights in regulatory contests. But surprisingly often groups of farmers and workers knock them for a...
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George Stigler’s Errors and Their Virtues

George Stigler might have been wrong in his essay on economic regulation, but his influence is undeniable. The unity of purpose in...
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Harold Demsetz and Israel Kirzner Understood That Competition Regulates Markets

Economists Harold Demsetz and Israel Kirzner challenged the prevailing orthodoxy in microeconomic analysis and public policy beginning with their respective work in...
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Voters Still Believe Politics is About the Common Good, Not Just Rent-Seeking

Chad Kendall, John G. Matsusaka
Do voters still believe that politics can be a source for common-good policies and not just partisan bickering and rent-seeking? With political...
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Antitrust and Competition

How to Design Data Protection Laws That Actually Work 

Filippo Lancieri
More and more countries are passing data protection laws, yet empirical studies show that these laws rarely deliver on their promises. A...
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Antitrust and Competition

Are Monopolists or Cartels the True Source of Anticompetitive US Political Power?

Herbert Hovenkamp
Trade associations are often the biggest obstacles to competitive markets, especially when those organizations use their influence to change public policy in...
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Antitrust and Competition

The Uber Files Reveal The Risk of Private Interests Controlling Our Data

Greg Erhardt
Researchers discovered that the introduction of Uber had negative impacts on transportation, findings that required cooperation with public authorities when Uber refused...
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Antitrust and Competition

Google’s Anticompetitive Conduct and the Remedies to Prevent It

Utsav Gandhi
The Stigler Center, of which ProMarket is a part, recently hosted a panel discussion looking at the antitrust case against Google 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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