ProMarket

Award-winning digital publication of the @StiglerCenter at @ChicagoBooth.

RT/Follow≠endorsement

[ProMarket @ProMarket_org]

Full podcast here: https://t.co/1H9LtmeHiu

[ProMarket @ProMarket_org]

In the 2026 midterms, rejecting corporate PAC money is a campaign promise. How much influence would it actually remove?

Watch the full conversation on campaign money, affordability and the economic promises below 👇

[ProMarket @ProMarket_org]

As search engines, social platforms, and AI assistants direct audiences to news, the research raises a broader question: how much protection does consumer choice provide for independent journalism?

Read the full article: https://t.co/ZVcoIhHGWk

[ProMarket @ProMarket_org]

A government may not need to shut down a newspaper to weaken it. It may only need to influence which news links people see.

That’s the concern raised by new research from Andrey Simonov, Daniil Mikhailov, Ruben Enikolopov, and Ruben Durante in @ProMarket_org.

[ProMarket @ProMarket_org]

This would give AI companies a way to address the dangers they’re warning about while preventing safety measures from becoming a tool for shutting out competition.

https://t.co/TkmbvPkoAr

[ProMarket @ProMarket_org]

AI labs can't afford to slow down alone, and antitrust law won't let them slow down together.

An antitrust waiver would solve that, but it risks handing the biggest labs the power to decide who gets to compete. The federal government could step in to regulate, but has not shown the willingness to do so.

Writing in ProMarket, Noah Hoffman and Fiona Scott Morton argue there's another way, and it doesn't need an act of Congress.

[ProMarket @ProMarket_org]

AI companies warn their technology could become uncontrollable and want to coordinate a slowdown.

Because agreements between competitors can violate antitrust law, they’re seeking an exemption. But that could let the biggest firms use safety rules to shut out rivals.

Two authors in @ProMarket_org think there is a solution.

https://t.co/E3E3kkShB9

[Stigler Center @StiglerCenter]

Your employer reports your pay to the government, which makes it almost impossible to cheat on your taxes even if you wanted to. For decades, the wealthiest had an escape hatch: hiding money in countries with bank secrecy laws.

In 2013, the world's major economies committed to closing it by making banks report foreigners' accounts to their home governments.

A new study in @ProMarket_org by economists Annette Alstadsæter, Niels Johannesen, Ségal Le Guern Herry, and @gabriel_zucman suggests it's having the intended effect.

https://t.co/0MHCFX8GF1

[Stigler Center @StiglerCenter]

How independent is super PAC spending if the politician says he controls it?

@Harvard_Law professor @lessig uses Trump's comments to examine the gap between campaign finance rules and enforcement.

Catch the latest Capitalisn’t podcast below 👇

[Stigler Center @StiglerCenter]

"We have done something to our environment that is cognitively impairing the society."

NYU psychologist @jayvanbavel from a panel on social media and democracy at the 2026 Stigler Center Annual Conference. Watch the full panel below 👇

[ProMarket @ProMarket_org]

Alé-Chilet argues that joining forces creates a "diffusion of responsibility."

When major players act together, they expect lighter individual penalties if caught, while simultaneously reducing the risk that a rival will report the violation.

https://t.co/xwCeFKZaWz

[ProMarket @ProMarket_org]

A new study reveals BMW, Daimler, and Volkswagen colluded to bypass European emissions standards, which slashed their regulatory costs but destroyed up to €5.57 billion in social welfare in the process.

We typically think of cartels as price-fixing schemes that directly squeeze buyers. But, writing in @ProMarket_org, economist @jalechilet highlights a different dynamic.

[ProMarket @ProMarket_org]

By secretly agreeing to install undersized emissions-control systems, the automakers actually delivered a short-term benefit to consumers through lower vehicle production costs.

However, Alé-Chilet calculate this cost-cutting triggered massive, hidden public health damages from illegal nitrogen oxide pollution.

[Stigler Center @StiglerCenter]

If everyone can see exactly how money is corrupting politics but nothing changes, what has transparency accomplished?

Catch the latest Capitalisn’t podcast with @lessig, @zingales & @bethanymac12 below 👇

[ProMarket @ProMarket_org]

Instead of focusing just on who owns the wealth, they argue, this approach ensures that wealth is actually doing something for the economy.

https://t.co/Vnn6tV7cuQ

[ProMarket @ProMarket_org]

Arguments about wealth taxes often focus on who owns what.

A new paper in @ProMarket_org makes a different case: the way we tax capital right now keeps money parked in assets that aren't efficiently contributing to the economy.