Revolving Door

Closing the Revolving Door Comes With Trade-offs

How prolific is the revolving door issue at the federal level? In a new paper, Joseph Kalmenovitz, Siddharth Vij, and Kairong Xiao analyze the prevalence of revolving door behavior in the United States government and discuss the impacts of limiting private sector job prospects for regulators.

Should We Regulate the Revolving Door of Regulators?

Is the revolving door of top regulators one of the reasons for a lack of good regulation? Based on her recent research,...

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...

Systemic Corruption in America Spans Political Parties

In an interview with ProMarket, Sarah Chayes, author of the book On Corruption in America, discussed corruption in the US and how...

The Non-Revolving Door Between the SEC and the Plaintiffs’ Bar

Nowhere does the “revolving door” spin more quickly than at the Securities and Exchange Commission. But, even at the SEC, not all...

How Do Members of Congress React to the Potential of Lucrative Private Sector Employment?

Many fear that the potential for well-paid post-elective jobs can make legislators give rewards to their future employers. A new study finds that career...

SEC and Revolving Doors: Q&A with Eric Ben-Artzi, the Deutsche Bank Whistleblower Who Rejected a Multimillion Dollar Award

ProMarket interviews Eric Ben-Artzi, the former Deutsche Bank risk officer turned whistleblower who rejected an $8.25 million award from the SEC.  In May 2015, Deutsche Bank...

LATEST NEWS

Uninhibited Campaign Donations Risks Creating Oligarchy

In new research, Valentino Larcinese and Alberto Parmigiani find that the 1986 Reagan tax cuts led to greater campaign spending from wealthy individuals, who benefited the most from this policy. The authors argue that a very permissive system of political finance, combined with the erosion of tax progressivity, created the conditions for the mutual reinforcement of economic and political disparities. The result was an inequality spiral hardly compatible with democratic ideals.

Did the Meme Stock Revolution Actually Change Anything?

Many financial commentators thought that the surge of retail investors participating in the stock market, the most notable of whom boosted “meme stocks” like GameStop, would democratize corporate governance and improve prosocial firm behavior, including the promotion of environmental, social, and governance (ESG) goals. In new research, Dhruv Aggarwal, Albert H. Choi, and Yoon-Ho Alex Lee find evidence that the exact opposite took place.

The Kroger-Albertsons Merger Will Not Help Grocery Competition

Kroger and Albertsons say they need to merge to compete with Walmart. Claire Kelloway argues that what they really want is Walmart’s monopsony power, and permitting mergers on these grounds will only harm suppliers, workers, and consumers.

Innovators Respond to Their Presidential Candidate Winning With More Innovation

Does an inventor’s political identity influence their productivity? In a new paper, Joseph Engelberg, Runjing Lu, William Mullins, and Richard Townsend examine the impacts of the 2008 and 2016 United States presidential elections on Democrat and Republican inventors, with a particular focus on the quantity and quality of patents after the country elects a new president.

Letter to the Editor: Former FTC and DOJ Chief Economists Urge Separation of Economic and Legal Analysis in Merger Guidelines

Seventeen former chief economists of the Federal Trade Commission and the Department of Justice Antitrust Division urge current Agency heads to separate the legal and economic analysis in the draft Merger Guidelines to strengthen the role of the latter in merger review.