Working Papers

From The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State
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324: The economics of content moderation: Theory and experimental evidence from hate speech on Twitter

Rafael Jiménez-Durán

323: Private sanctions

Oliver D. Hart, David Thesmar and Luigi Zingales

322: Low wages aren't a growing problem

David Abraham and Simcha Barkai

321: Quantifying Economic Reasoning in Court: Judge Economics Sophistication and Pro-business Orientation

Siying Cao

320: Are Firms Gerrymandered?

Joaquín Artés, Aaron Kaufman, Brian Kelleher Richter and Jeffrey F. Timmons

319: Amazon's Three Major Lines of Business

Edward Snyder, Jason Canaday and Marley Hughes

318: No Shock Waves through Wall Street? Market Responses to the Risk of Nuclear War

David Andrew Finer

317: The New Corporate Governance

Oliver D. Hart and Luigi Zingales

316: Does Political Partisanship Cross Borders? Evidence from International Capital Flows

Elisabeth Kempf, Mancy Luo, Larissa Schafer and Margarita Tsoutsoura

315: The Political Economy of the Decline in Antitrust Enforcement in the United States

Filippo Lancieri, Eric Posner and Luigi Zingales

314: What Purpose Do Corporations Purport? Evidence from Letters to Shareholders

Raghuram Rajan, Pietro Ramella and Luigi Zingales

313: The Political Polarization of Corporate America

Vyacheslav Fos, Elisabeth Kempf and Margarita Tsoutsoura

312: Information Exposure and Corporate Citizenship

Lisa Yao Liu and Shirley Lu

311: Good News for Some Banks

Renee Adams

310: The Decline of the Labor Share is not Explained by the Capitalization of Intellectual Property Products

Simcha Barkai

309: Transatlantic Roads to Mont Pèlerin: "Old Chicago" and Freiburg in a World of Disintegrating Orders

Stefan Kolev and Ekkehard Köhler

308: Concentration in Product Markets

C. Lanier Benkard, Ali Yurukoglu and Anthony Lee Zhang

307: The Department of Economics at the University of Chicago, 1947–1982

Arnold C. Harberger and Sebastian Edwards

306: "Drive and Wave": The Response to LAPD Police Reforms After Rampart

Canice Prendergast

305: Selfish Corporations

Emanuele Colonnelli and Niels Gormsen

304: Reversing the Resource Curse: Foreign Corruption Regulation and Economic Development

Hans B. Christensen, Mark Maffett and Thomas Rauter

303: Competition in Digital Markets: A Review of Expert Reports

Filippo Lancieri and Patricia Morita Sakowski

302: Exit vs. Voice

Eleonora Broccardo, Oliver D. Hart and Luigi Zingales

301: A Theory of Stock Exchange Competition and Innovation: Will the Market Fix the Market?

Eric B. Budish, Robin Lee and John J. Shim

300: Quantifying the High-Frequency Trading "Arms Race": A Simple New Methodology and Estimates

Matteo Aquilina, Eric B. Budish and Peter O'Neill

299: Civic Capital and Social Distancing during the Covid-19 Pandemic

John Barrios, Efraim Benmelech, Yael V. Hochberg, Paola Sapienza and Luigi Zingales

298: Assessing the Payroll Protection Program: A Framework and Preliminary Results

John Barrios, Michael Minnis, William Minnis and Joost Sijthoff

297: Risk Perception Through the Lens of Politics in the Time of the COVID-19 Pandemic

John Barrios and Yael V. Hochberg

296: The Political Limits of Economics

Luigi Zingales

295: Importing Threat: The Electoral Logic of Economic Relief

Minju Kim and Robert Gulotty

294: Kill Zone

Sai Krishna Kamepalli, Raghuram Rajan and Luigi Zingales

293: Corruption and Firms

Emanuele Colonnelli and Mounu Prem

292: Patronage and Selection in Public Sector Organizations

Emanuele Colonnelli, Mounu Prem and Edoardo Teso

291: The Value of Political Geography: Evidence from the Redistricting of Firms

Joaquín Artés, Brian Kelleher Richter and Jeffrey F. Timmons

290: The Employment Effects of Gender-Specific Minimum Wage

Riccardo Marchingiglio and Mikhail Poyker

289: The Revolving Door and Regulatory Enforcement: Firm-Level Evidence on Tax Rates and IRS Audits

Benjamin C. K. Egerod

288: Mergers, Aggregate Productivity, and Markups

Peter Chen

287: Terrorism Financing, Recruitment and Attacks: Evidence from a Natural Experiment

Nicola Limodio

286: Disclosure Regulation, Corruption, and Investment: Evidence from Natural Resource Extraction

Thomas Rauter

285: The Politics of Blood Safety Regulation in China: The Blood Plasma Economy and the Making of China's Blood Safety Regulatory Regime

Dali L. Yang

284: Does Fiscal Monitoring Make Better Governments? Evidence from US Municipalities

Anya Nakhmurina

283: Depositors Disciplining Banks: The Impact of Scandals

Mikael Homanen

282: The Cost of Convenience: Ridesharing and Traffic Fatalities

John Barrios, Yael V. Hochberg and Hanyi Yi

281: What Went Wrong?: The Puerto Rican Debt Crisis, The "Treasury Put," And The Failure Of Market Discipline

Bob Chirinko, Ryan Chiu and Shaina Henderson

280: The "People's Bridge":Popular Sovereignty and the Charles River Bridge Case

Evelyn Atkinson

279: The Economic Limits of Bitcoin and the Blockchain

Eric B. Budish

278: Special Interest Influence under Direct versus Representative Democracy

John Matsusaka

277: 70 Years of US Corporate Profits

Simcha Barkai and Seth G. Benzell

276: Do Marginal Products Differ from User Costs? Micro-Level Evidence from Italian Firms

Simone Lenzu and Francesco Manaresi

275: The Impact of Restricting Labor Mobility on Corporate Investment and Entrepreneurship

Jessica Jeffers