Russia

What Has the World Learned from a Year of War in Ukraine?

One year later, what has the world learned about conflict from the war in Ukraine? In an interview with ProMarket's Walter Frick,...

Stakeholder Motivations for “Private Sanctions” Against Russia

As the war in Ukraine enters its second year, a new study measures stakeholders’ desire to see their firms exit Russia and...

Chart of the Week: EU Officials and Economists Disagree Over Sanctioning Russian Natural Gas

EU economists are largely optimistic about the effects of sanctioning Russian natural gas, while EU officials are less keen.

Five International Journalists Explain How the War in Ukraine Is Playing Out Globally

The 2022 class of the Stigler Center’s Journalists in Residence program offer their thoughts regarding the Russia-Ukraine conflict.

Delayed Ceasefire In Ukraine Could Worsen Severe Hunger For Nigerians

Three months ago, Russia invaded Ukraine. With the continued warfare, the world—only just recovering from the devastating effects of the Covid-19 pandemic—has...

How to Optimize Russian Sanctions

Q&A with authors of a new paper aids the understanding of the difference between targeted and comprehensive sanctions, as well as their...

Chart of the Week: Two-thirds of Germans Support Russian Energy Embargo

A new survey of German citizens reveals the steps they'd support to help Ukrainians and punish Russia.

Kyiv Independent Editor-in-Chief: “Leaving Ukraine is the Last Thing I Would Want To Do”

The editor-in-chief of the Kyiv Independent speaks with FT journalist Edward Luce in an exclusive video interview covering the challenges of her...

Chart of the week: US Economists on a Total Russian Oil Ban

US economists surveyed by Chicago Booth's Initiative on Global Markets shows that most agree that a total ban on Russian oil imports...

Gabriel Zucman: “I’m a Bit Skeptical That Freezing the Assets of a Few Dozen Oligarchs Can Be Highly Effective”

60 percent of the wealth of Russia’s richest 0.01 percent are held offshore. UC Berkeley economist Gabriel Zucman explains why blanket sanctions, of...

LATEST NEWS

Revising Guideline 6 With Evidence To Establish a Structural Inference for Input Foreclosure

Vertical merger law lacks the structural presumption of horizontal merger law, which shifts the burden from the government to the merging parties to provide evidence that a merger will not produce anticompetitive effects when it is known that the merger will substantially increase market concentration. To improve Guideline 6 of the draft Merger Guidelines concerning vertical foreclosure, Steven Salop develops a three-factor criteria with which the government antitrust agencies can show an analogous structural “inference” that shifts the burden of evidence to the merging parties.

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.