Resources
From peer-reviewed research to accessible policy briefs, explore the scholarship that’s shaping debates and driving change.
29 Results
Equity Prices, Market Power, and Optimal Corporate Tax Policy (opens in a new tab)
Working Papers JUL 22, 2025
We study the optimal design of corporate tax policy in a textbook life-cycle model featuring two key deviations: (i) firms are imperfectly competitive and (ii) households save by purchasing equity…
By: Ignacio González (opens in a new tab), Juan A. Montecino (opens in a new tab), Joseph E. Stiglitz
Request for Proposals: The economic effects of the Inflation Reduction Act (opens in a new tab)
RFPs APR 2, 2025
By: Equitable Growth (opens in a new tab)
Request for Proposals: Promoting competition and supporting workers in an era of AI innovation (opens in a new tab)
RFPs NOV 20, 2024
By: Equitable Growth (opens in a new tab)
Request for proposals: Research grants for early career scholars (opens in a new tab)
RFPs OCT 30, 2024
By: Equitable Growth (opens in a new tab)
Is There Too Little Antitrust Enforcement in the US Hospital Sector? (opens in a new tab)
Working Papers APR 24, 2024
From 2002 to 2020, there were over 1,000 mergers of US hospitals. During this period, the Federal Trade Commission (FTC) took enforcement actions against 13 transactions. However, using the FTC’s…
By: Zarek Brot-Goldberg (opens in a new tab), Zack Cooper (opens in a new tab), Stuart V. Craig, Lev Klarnet (opens in a new tab)
Request for Proposals: How effective was the fiscal response to the COVID-19 recession for workers? (opens in a new tab)
RFPs MAR 18, 2024
By: Equitable Growth (opens in a new tab)
Request for proposals: Research grants for early career scholars (opens in a new tab)
RFPs NOV 30, 2023
By: Equitable Growth (opens in a new tab)
Antitrust Enforcement Increases Economic Activity (opens in a new tab)
Working Papers SEP 13, 2023
We hand-collect and standardize information describing all 3,055 antitrust lawsuits brought by the Department of Justice (DOJ) between 1971 and 2018. Using restricted establishment-level microdata from the U.S. Census, we…
By: Tania Babina (opens in a new tab), Simcha Barkai (opens in a new tab), Jessica Jeffers (opens in a new tab), Ezra Karger (opens in a new tab), Ekaterina Volkova (opens in a new tab)
Local and National Concentration Trends in Jobs and Sales: The Role of Structural Transformation (opens in a new tab)
Working Papers SEP 6, 2023
National industrial concentration in the U.S. has risen sharply since the early 1980s, but there remains dispute over whether local geographic concentration has followed a similar trend. Using near population…
By: David Autor (opens in a new tab), Christina Patterson (opens in a new tab), John Van Reenen (opens in a new tab)
Political Power and Market Power (opens in a new tab)
Working Papers JAN 12, 2023
We study the link between political influence and industrial concentration. A model of an oligopoly that engages in lobbying shows that a merger may lead to an increase or a…
By: Bo Cowgill (opens in a new tab), Andrea Prat (opens in a new tab), Tommaso Valletti
Power and Dignity in the Low-Wage Labor Market: Theory and Evidence from Wal-Mart Workers (opens in a new tab)
Working Papers DEC 14, 2022
We measure workers’ preferences for wages and non-wage amenities at America’s largest employer, Walmart, using targeted survey experiments. We find that workers have an economically significant willingness to pay for…
By: Arindrajit Dube (opens in a new tab), Suresh Naidu (opens in a new tab), Adam D. Reich
A Tale of Two Networks: Common Ownership and Product Market Rivalry (opens in a new tab)
Working Papers MAY 25, 2022
We study the welfare implications of the rise of common ownership in the United States from 1994 to 2018. We build a general equilibrium model with a hedonic demand system…
By: Florian Ederer (opens in a new tab), Bruno Pellegrino (opens in a new tab)
Closing the Innovation Gap in Pink and Black (opens in a new tab)
Working Papers JAN 10, 2022
Recent research shows the negative impact of discrimination not only on the targets of discrimination but also on the economy as a whole. Racial and gender inequality can limit the…
By: Lisa D. Cook, Janet Gerson (opens in a new tab), Jennifer Kuan (opens in a new tab)
Falling Rates and Rising Superstars (opens in a new tab)
Working Papers JAN 7, 2022
Do low interest rates contribute to the rise in market concentration? Using data on firm financials and high frequency monetary policy shocks, we find that falling interest rates disproportionately benefit…
By: Thomas Kroen (opens in a new tab), Ernest Liu (opens in a new tab), Atif Mian (opens in a new tab), Amir Sufi (opens in a new tab)
In Conversation with Michelle Meagher (opens in a new tab)
In Conversation AUG 11, 2021
Equitable Growth in Conversation is a recurring series where we talk with economists and other academics to help us better understand whether and how economic inequality affects economic growth and…
By: Michael Kades (opens in a new tab)
Labor Non-Compete Agreements: Tool for Economic Efficiency, or Means to Extract Value from Workers? (opens in a new tab)
Working Papers JAN 28, 2021
A number of theoretical arguments have been offered in favor of non-compete provisions in labor agreements. While there has been considerable empirical research on the effects of those provisions, there…
By: David J. Balan
Interoperability as a competition remedy for digital networks (opens in a new tab)
Working Papers SEP 23, 2020
Addressing entry barriers created by network effects is critical to remedying a monopolization violation in a social network market (e.g. Facebook). For a social network, interoperability is likely a necessary,…
By: Michael Kades (opens in a new tab), Fiona Scott Morton
Monopsony in Labor Markets: A Meta-Analysis (opens in a new tab)
Working Papers FEB 5, 2020
When jobs offered by different employers are not perfect substitutes, employers gain wage-setting power; the extent of this power can be captured by the elasticity of labor supply to the…
By: Anna Sokolova (opens in a new tab), Todd Sorensen (opens in a new tab)
Did Timing Matter? Life Cycle Differences in Effects of Exposure to the Great Recession (opens in a new tab)
Working Papers NOV 19, 2019
Exposure to a recession can have persistent, negative consequences, but does the severity of those consequences depend on when in the life cycle a person is exposed? I estimate the…
By: Kevin Rinz (opens in a new tab)
Imperfect competition, compensating differentials and rent sharing in the U.S. labor market (opens in a new tab)
Working Papers JUL 18, 2019
The primary goal of our paper is to quantify the importance of imperfect competition in the U.S. labor market by estimating the size of rents earned by American firms and…
By: Thibaut Lamadon (opens in a new tab), Magne Mogstad (opens in a new tab), Bradley Setzler (opens in a new tab)
Modern U.S. antitrust theory and evidence amid rising concerns of market power and its effects (opens in a new tab)
Research Databases MAY 29, 2019
The decline in antitrust enforcement in the United States has been a project of conservatives for decades. Since the 1970s, the range of conduct that would be condemned by courts…
By: Fiona M. Scott Morton (opens in a new tab)
Killer Acquisitions (opens in a new tab)
Working Papers APR 16, 2019
This paper argues incumbent firms may acquire innovative targets solely to discontinue the target’s innovation projects and preempt future competition. We call such acquisitions “killer acquisitions.” We develop a parsimonious…
By: Colleen Cunningham (opens in a new tab), Florian Ederer (opens in a new tab), Song Ma (opens in a new tab)
Employer consolidation and wages: Evidence from hospitals (opens in a new tab)
Working Papers FEB 26, 2019
We test whether wage growth slows following employer consolidation by examining a decade of hospital mergers. To isolate the effects of changes in concentration due to mergers, we estimate difference-in-differences…
By: Elena Prager (opens in a new tab), Matt Schmitt (opens in a new tab)
Who’s afraid of sunlight? Explaining opposition to transparency in economic development (opens in a new tab)
Working Papers FEB 4, 2019
Why do some firms oppose transparency of government programs? In this paper we explore legal challenges to public records requests for deal-specific, company-specific participation in a state economic development incentive…
By: Nathan M. Jensen, Calvin Thrall (opens in a new tab)
Patent publication and technology spillovers (opens in a new tab)
Working Papers DEC 18, 2018
How does publication of new ideas through patents affect technology spillovers? To answer this, we develop a model which predicts that invention disclosure through patents (i) increases technology spillovers at…
By: Deepak Hegde (opens in a new tab), Kyle Herkenhoff (opens in a new tab), Chenqi Zhu (opens in a new tab)
In Conversation with Herbert Hovenkamp and Ioana Marinescu (opens in a new tab)
In Conversation OCT 11, 2018
“Equitable Growth in Conversation” is a recurring series where we talk with economists and other academics to help us better understand whether and how economic inequality affects economic growth and…
By: Michael Kades (opens in a new tab), Kate Bahn (opens in a new tab)
Antitrust Remedies for Labor Market Power (opens in a new tab)
Working Papers SEP 25, 2018
Recent research indicates that labor market power has contributed to wage inequality and economic stagnation. Although the antitrust laws prohibit firms from restricting competition in labor markets like in product…
By: Suresh Naidu (opens in a new tab), Eric A. Posner (opens in a new tab), E. Glen Weyl (opens in a new tab)
Anticompetitive mergers in labor markets (opens in a new tab)
Working Papers JUN 20, 2018
Mergers of competitors are conventionally challenged under the federal antitrust laws when they threaten to lessen competition in some product or service market in which the merging firms sell. Mergers…
By: Ioana Marinescu (opens in a new tab), Herbert Hovenkamp (opens in a new tab)
Who becomes an inventor in America? The importance of exposure to innovation (opens in a new tab)
Working Papers FEB 27, 2018
Download File 02272018-WP-inventor-america-exposure Read the full PDF in your browser We characterize the factors that determine who becomes an inventor in America by using deidentified data on 1.2 million inventors…
By: Alex Bell (opens in a new tab), Raj Chetty (opens in a new tab), Xavier Jaravel (opens in a new tab), Neviana Petkova (opens in a new tab), John Van Reenen (opens in a new tab)
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