Resources

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)