Stigler Center for the Study of the Economy and the State

#IndustrialPolicy was once so out of fashion that it was jokingly called “the policy that shall not be named.” Now it’s back in a big way. On issues ranging from #cleanenergy to #semiconductors to #COVID19, governments are trying to improve the performance of key business sectors. Can they manage to do so without subverting competition and subsidizing special interests?  Check out our first-ever print edition of ProMarket, also available as a free #ebook. https://lnkd.in/g_AEQvrp Contributors include: Brad DeLong, Professor of Economics at the University of California, Berkeley Nathaniel Lane, Associate Professor at the University of Oxford and fellow at the Roosevelt Institute Réka Juhász, Assistant Professor of Economics at Vancouver School of Economics at UBC Michael Munger, Professor of Political Science at Duke University Gary Hufbauer and Megan Hogan at the Peterson Institute for International Economics Chiara Criscuolo, Head of Productivity Innovation and Entrepreneurship at OECD - OCDE Guy Lalanne, Senior Economist also at the OECD Lenore Palladino, Economist and Professor at the University of Massachusetts Amherst and also a fellow at the Roosevelt Institute John Van Reenen, Professor at The London School of Economics and Political Science (LSE) and fellow at the MIT Initiative on the Digital Economy Mark Muro, Senior Fellow at The Brookings Institution Nagesh Kumar, Director, Institute for Studies in Industrial Development and non-resident Senior Fellow at the Boston University Global Development Policy Center Walter Frick, our Contributing Editor

Our faculty director Luigi Zingales & his longtime friend and #Booth colleague Raghuram Rajan share their story: https://lnkd.in/epGtQMyJ “It’s our ability to understand each other and go down a similar path to get the best ideas,” Zingales says. “At least, Rajan gets the best out of me. I hope I do the same for him.” #InternationalDayOfFriendship

"THE SHRINKING SHELF? DMA, DSA, AND THE AMAZON MARKETPLACE" - Evento 02/08, sexta-feira O COMPPIT FGV tem o prazer de convidá-los para um evento imperdível que abordará a pesquisa coordenada pelo Professor Filippo Lancieri, intitulada “The Shrinking Shelf? DMA, DSA, and the Amazon Marketplace”. O evento acontecerá nesta sexta-feira, 02 de agosto, às 9h, na FGV DIREITO SP. A pesquisa de Lancieri investiga a conformidade da Amazon com o DSA (Digital Services Act) e o DMA (Digital Markets Act), além dos impactos de primeira e segunda ordem dessas regulamentações nos mercados digitais. O evento contará com uma apresentação inicial do Professor Filippo, seguida de comentários dos professores Caio Mario Pereira Neto, Leonor Cordovil, Nicolo Zingales e dos pesquisadores Paulo Henrique de Oliveira e Raíssa Leite de Freitas. A moderação será conduzida pelo Prof. Caio Mario Pereira Neto. 💡 Palestrante: Filippo Lancieri, professor de Direito no Georgetown University Law Center e pesquisador no Stigler Center for the Study of the Economy and the State da The University of Chicago Booth School of Business, com foco em antitruste, proteção de dados, economia política e governança de mercados. Ex-aluno da FGV Direito SP, com J.S.D. (2021) e LL.M. (2016) pela University of Chicago. 🗣️ Abertura e Moderação: Caio Mario S. Pereira Neto, professor da FGV Direito SP e coordenador do Comppit 💬 Comentários: Leonor Cordovil, professora da FGV Direito SP Nicolo Zingales, professor da FGV Direito Rio Paulo Henrique de Oliveira, chefe de assessoria no Gabinete 02 do Tribunal Administrativo de Defesa Econômica do Conselho Administrativo de Defesa Econômica - Cade Raíssa Leite de Freitas, mestranda da FGV Direito SP 📅 Detalhes do Evento: Data: 02 de agosto de 2024 Horário: 9:00 às 11:00 Local: FGV DIREITO SP - Sala 601 AB (Rua Plínio Barreto, 365, Bela Vista) Idioma: Português Inscrição: https://lnkd.in/dKBvsize - evento gratuito! #technology #data #ai #bigdata #future #innovation #law #digitaltransformation #marketregulation #antitrust #compliance #ecommerce #DSA #DMA #techpolicy #governancedigital #legalstudies #FGV #academicresearch #competitionlaw #innovationpolicy #legaltech #digitalmarketplaces #digitalregulation #techlaw

What safeguards are necessary to prevent short-selling abuse and ensure fair and transparent markets? Revisit our #Capitalisnt co-hosts Luigi and Bethany's previous conversation with Jim Chanos: "Is Short Selling Dead?" https://lnkd.in/g59Yp9_K

In her successful bid for re-election last week, EU Commission President Ursula von der Leyen called for a "new approach to competition policy" that supports "companies scaling up in global markets", echoing industry lobbying and political pressure from member states including France and Germany. The worrying implication here is that the EU should water down competition enforcement to allow more mega-mergers between dominant European companies to take place, in the hopes of creating so-called "European champions". As I (and The Hon. Bill Baer) explain in today's POLITICO Europe Fair Play newsletter, this misguided approach is unlikely to boost Europe's global competitiveness, while saddling European consumers, workers and businesses with the costs of monopolisation. For a more in-depth take on the debate, see below a longer piece I recently wrote for ProMarket at the Stigler Center for the Study of the Economy and the State: https://lnkd.in/d2vh9w4y

NEW on ProMarket: Our The University of Chicago Booth School of Business Research Professional (and incoming PhD candidate Vancouver School of Economics at UBC), Thomas Malthouse explores the skewed financial models that lead American railroads to underinvest in maintenance and profitable expansion, producing delays, derailments, and environmental catastrophes such as those that occurred in East Palestine, Ohio, in 2023. https://lnkd.in/dcSATW7h

In new research, Felix Montag (our #StiglerAffiliate Fellow), Alina Sagimuldina, and Christoph Winter study the impact of mandatory price disclosure (MPD) for sellers in the German retail fuel market to determine under what market conditions MPD can reduce prices for consumers. https://lnkd.in/gvRQ8eJA

NEW: Sangyun Lee (postdoc Kyoto University, Ph.D. Korea University) reviews the 2021 merger between #KoreanAir and #AsianaAirlines, which was promoted by the government despite warnings from the majority of experts deeming it obviously anticompetitive and harmful to consumers. He finds that the merger is a paragon of how, under institutional constraints, the rational choices of actors and organizations can collectively lead to irrational, suboptimal outcomes. https://lnkd.in/gXue9fA7

William Lehr, whom I was honored to have as my PhD advisor, is one of the few academic researchers who, among many other topics, has examined the #economics of the domain name system (DNS), a little known but essential element of the #Internet. Then #DNS does not just happen magically; it required engineering to develop and subsequently policy and financial investment to promote. It is one of the great BIPARTISAN, American success stories. I summarize it, and Bill's research with David Clark and Steven Bauer here as published on ProMarket by the Stigler Center for the Study of the Economy and the State. https://lnkd.in/ebTDpkmg

NEW on ProMarket: The Domain Name System (#DNS), a 1985 technical invention, was transformed into critical global infrastructure by the policies of the United States government beginning in the 1990’s. While some challenges remain, the light-touch regulation promoted by both parties has proven highly successful, writes Roslyn Layton, PhD https://lnkd.in/gkKr_6aF