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Overview
ProMarket is the publication of the George J. Stigler Center for the Study of the Economy and the State at the University of Chicago Booth School of Business. ProMarket is an academic forum focused on topics of special interest capture, antitrust, political economy, and the future of capitalism.
News
Half of older Americans are unfulfilled. Their doctors can't see it
A massive new two-year study suggests the gap between how the elderly seem and how they feel may be more damaging than we all think.
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Consumers Prefer AI Music Until They're Told It's AI
Across three studies, Jana Friedrichsen, Julia Schwarz, and Michel Clement explore how generative AI will change the music industry. They find that while consumers enjoy and even prefer AI-generated music, preferences shift upon learning that the song was
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New York Times op-ed
April 2, 2026: In a New York Times op-ed , Jason Furman cites Stigler Center Senior Director of Research Matthew Luckys ProMarket review of Shared Prosperity in a Fractured World, by Dani Rodrik.
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Bloomberg cites
February 13, 2026: Bloomberg cites Bill Baers ProMarket article on industrial policy and its relationship with competition policy.
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How Private Equity Is Quietly Rewriting the Rules of Professions
In new research, John M. Barrios and Inna Abramova show how private equity's rising involvement in accounting and other professions is concentrating markets and breaking down barriers to conflicts of interest.
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Public or private? For tribes, access to bond markets carries cost considerations Federal Reserve Bank of Minneapolis
Tribes can face higher expenses for public bond offerings than they face for private placements
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Quartz cites
December 23, 2025: Quartz cites Konrad Kollnigs article on how Google uses its browser to maintain its monopoly in other markets, particularly online search and advertisement.
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Don't Expect AI To Disrupt Google's Monopoly on Search
A judge said artificial intelligence would upend Google's dominance, but two new books argue that monopolies rarely fix themselves.
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Phantom Exits: The AI Startup Problem
Ultimately, phantom exits highlight a structural paradox at the heart of entrepreneurship.
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