social distancing
One Year Into the Pandemic: Who Maintains Social Distancing and Who Doesn’t
A new study measures factors associated with the adoption of social distancing across America and finds that widespread adoption of social distancing...
Why Social Distancing Measures Seem Less Effective in the US
Guidelines assume that the less people move around, the less likely they are to be in contact. However, phone location data show...
Trump Voters Were More Reluctant to Acknowledge the Seriousness of the Pandemic and Adapt Their Behavior Accordingly
Using data on individuals' search behavior and cellphone movement data, a new study shows that areas with a high share of Trump voters began...
Covid Economics: During 1918 Influenza, Severe Social Distancing Reduced Negative Impacts on American Economy
ProMarket reviews the most recent and interesting academic papers on the ongoing pandemic: Sergio Correia, Stephan Luck, and Emil Verner studied how US cities and...
From Borrowing to Stockpiling: How The Virus Outbreak Changed American Household Consumption
The first academic study of American consumers' reaction to the pandemic finds that total spending rose by half between February 26 and March 11,...
Covid Economics: Social Distancing and the Relevant Benefits of Cost-Benefit Analysis
ProMarket reviews the most recent and interesting academic papers on the ongoing pandemic: Michael Greenstone and Vishan Nigam of the University of Chicago estimate that...
How Many Jobs Can Be Done at Home? In the United States, It’s 37 percent
Evaluating the economic impact of "social distancing" measures taken to arrest the spread of Covid-19 raises a fundamental question about the modern economy: How...
Managing Expectations Is Critical to Ensure Compliance with Stay-at-Home Measures
A study of a representative sample of Italians finds that 50 percent of respondents reported having adopted all recommended actions, including staying at home,...
Testing People and Targeted Isolation: How to Save More Lives (and the American Economy)
Nobel laureate Paul Romer's model shows that if we use a test to determine who gets put into isolation, the fraction of the population...
From Most No-Brainer to Most Complicated: A List of Policy Proposals to Mitigate the Virus’ Impact
Policymakers need to figure out which sectors we wish to keep up and running (food, health care), which sectors we want to contract rapidly...
LATEST NEWS
Antitrust and Competition
The Whig History of the Merger Guidelines
A pervasive "Whig" view of United States antitrust history among scholars and practitioners celebrates the Merger Guidelines' implementation of increasingly sophisticated economic methods since their...
Antitrust and Competition
Algorithmic Collusion in the Housing Market
While the development of artificial intelligence has led to efficient business strategies, such as dynamic pricing, this new technology is vulnerable to collusion and consumer harm when companies share the same software through a central platform. Gabriele Bortolotti highlights the importance of antitrust enforcement in this domain for the second article in our series, using as a case study the RealPage class action lawsuit in the Seattle housing market.
Antitrust and Competition
The Future Markets Model Explains Meta/Within: A Reply to Herb Hovenkamp
In response to both Herb Hovenkamp’s February 27 article in ProMarket and, perhaps more importantly, also to Hovenkamp’s highly regarded treatise, Lawrence B. Landman, first, shows that the Future Markets Model explains the court’s decision in Meta/Within. Since Meta was not even trying to make a future product, the court correctly found that Meta would not enter the Future Market. Second, the Future Markets Model is the analytical tool which Hovenkamp says the enforcers lack when they try to protect competition to innovate.
Book Excerpts
The Chicago Boys and the Chilean Neoliberal Project
In a new book, The Chile Project: The Story of the Chicago Boys and the Downfall of Neoliberalism, Sebastian Edwards details the history of neoliberalism in Chile over the past seventy years. The Chicago Boys—a group of Chilean economists trained at the University of Chicago through the U.S. State Department’s “Chile Project”—played a central role in neoliberalism’s ascent during General Augusto Pinochet’s rule. What follows is an excerpt from the book on University of Chicago economist Milton Friedman’s 1975 visit to Chile to meet with Pinochet and business leaders.
Antitrust and Competition
Creating a Modern Antitrust Welfare Standard that Integrates Post-Chicago and Neo-Brandeisian Goals
Darren Bush, Mark Glick, and Gabriel A. Lozada argue that the Consumer Welfare Standard is inconsistent with modern welfare economics and that a modern approach to antitrust could integrate traditional Congressional goals as advocated by the Neo-Brandesians. Such an approach could be the basis for an alliance between the post-Chicago economists and the Neo-Brandesians.
