In new analysis, Markus Eberhardt, Giovanni Facchini, and Valeria Rueda delve into a novel database comprising 12,000 reference letters, which have been written in assist of greater than 3,700 candidates making use of for educational job positions in economics in the UK. Their evaluation uncovers a pervasive disparity in the way in which female and … [Read more…]
Capital markets are central to capitalism and the functioning of the US financial system. But, short-selling, an integral a part of value discovery in capital markets, has been blamed as a contributor to the latest banking disaster. Lawmakers and curiosity teams have labeled quick sellers opportunists who prey on small traders and the general public … [Read more…]
In new analysis, Arseniy Samsonov builds a mannequin exhibiting how having accessible to the general public a large number of media shops and social media platforms wouldn’t assist cut back misinformation from politicians. Reasonably, monopolistic energy may allow these shops to retain management over the narratives across the data that these politicians present to journalists … [Read more…]
Oliver Budzinski and Victoriia Noskova focus on of their publication why merger simulations are usually not extra extensively utilized by competitors authorities and in entrance of the courts to foretell future results of mergers regardless of developments in availability of information, AI and computational energy. The institutional setting is an important issue for computational antitrust … [Read more…]
Are the antitrust enforcement businesses in the USA sufficiently stringent in difficult mergers? In a brand new working paper, Vivek Bhattacharya, Gastón Illanes, and David Stillerman inform this debate by inspecting the value and amount results of U.S. retail mergers and modeling the implications of other antitrust regimes. Has antitrust coverage in the USA been … [Read more…]
American antitrust regulators have just lately taken intention at noncompete clauses. They argue that noncompetes suppress labor bargaining energy and thus wages. The Italian labor market differs from its American counterpart in its inflexible protections for labor, however using noncompetes in Italy happen at about the identical fee as in the US and reveals a … [Read more…]
Social belief in democratic establishments impacts the flexibility of these establishments to hold out coverage. In new analysis, Rustam Jamilov reveals how lowering belief within the U.S. establishments has lowered the flexibility of the Federal Reserve to affect the financial system in states that exhibit decrease ranges of belief. Belief in establishments can form the … [Read more…]
Most mergers in industries with solely a handful of opponents are anticompetitive, so why don’t we block them? The repair is to make use of a structural presumption to decrease the burden for regulators. Declining merger enforcement over the previous 25 years has harmed shoppers, staff, nondominant companies, and the U.S. financial system typically. In … [Read more…]
Does investing in info know-how (IT) allow companies to “scale with out mass” and enhance their market share? In a brand new paper, Erik Brynjolfsson, Wang Jin, and Xiupeng Wang study how IT impacts agency dimension, market focus, and the labor share of income. Over the previous few many years, we have now witnessed important … [Read more…]