ProMarket https://www.promarket.org/ The publication of the Stigler Center at the University of Chicago Booth School of Business Thu, 27 Aug 2026 09:25:32 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.2 https://www.promarket.org/wp-content/uploads/2020/04/cropped-promarket-logo-bookmarklet-152-32x32.png ProMarket https://www.promarket.org/ 32 32 Consumers Prefer AI Music Until They’re Told It’s AI https://www.promarket.org/2026/08/27/consumers-prefer-ai-music-until-theyre-told-its-ai/ Thu, 27 Aug 2026 09:25:31 +0000 https://www.promarket.org/?p=45526 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 AI-generated.

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]]> The Dynamic Competition Framework Petit et al. Advocate Is Neither Pro-Enforcement nor Anti-Enforcement. It Doesn’t Exist https://www.promarket.org/2026/08/22/the-dynamic-competition-framework-petit-et-al-advocate-is-neither-pro-enforcement-nor-anti-enforcement-it-doesnt-exist/ Sat, 22 Aug 2026 05:28:43 +0000 https://www.promarket.org/?p=46231 The Dynamic Competition Framework Petit et al. Advocate Is Neither Pro-Enforcement nor Anti-Enforcement. It Doesn’t Exist

The dynamic competition school claims that competition authorities, by analyzing firms’ capabilities, can protect what this school calls dynamic competition.  Competition authorities, however, cannot adequately analyze firms’ capabilities. This school, therefore, lacks any framework which the authorities can use to analyze what they call dynamic competition. Any framework to protect dynamic competition, or what some call competition to innovate, must instead first identify the future products the competing firms are trying to make, writes Larry Landman.

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]]> Did Liberals Break Liberal Democracy? https://www.promarket.org/2026/08/21/did-liberals-break-liberal-democracy/ Fri, 21 Aug 2026 10:00:00 +0000 https://www.promarket.org/?p=46307 Did Liberals Break Liberal Democracy?

Matt Lucky reviews Daron Acemoglu’s “What Happened to Liberal Democracy?: Remaking a Politics of Shared Prosperity,” now out at Penguin Press.

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]]> The Ctrip Case Reveals the Limits of Administrative Interviews in China’s Antitrust Enforcement https://www.promarket.org/2026/08/20/the-ctrip-case-reveals-the-limits-of-administrative-interviews-in-chinas-antitrust-enforcement/ Thu, 20 Aug 2026 10:00:00 +0000 https://www.promarket.org/?p=46201 The Ctrip Case Reveals the Limits of Administrative Interviews in China’s Antitrust Enforcement

The recent case of Chinese online travel platform Ctrip ignoring the warnings of provincial competition authorities until the central government stepped in reveals the limits of China’s decentralized regulatory system. Chun-Kit (Kitson) Ng suggests several ways that China can reform its system to empower the provincial authorities and fulfill the regulatory system’s design to avoid drawing on the central government’s resources.

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]]> Government Bond Markets See Ecological Decline as a Growth Problem https://www.promarket.org/2026/08/19/government-bond-markets-see-ecological-decline-as-a-growth-problem/ Wed, 19 Aug 2026 10:00:00 +0000 https://www.promarket.org/?p=46299 Government Bond Markets See Ecological Decline as a Growth Problem

Summary Teaser: In new research, Jitendra Aswani and William W. Xiong show that countries facing greater risks to their natural assets, from overfishing to deforestation, pay more to borrow, as investors discount their long-run growth prospects. Governments can reduce that premium by implementing green projects that address the risks they actually face, but announcing an intention to do so is not enough.

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]]> Randy Picker on Competition Law, Copyright, and Entertainment https://www.promarket.org/2026/08/18/randy-picker-on-competition-law-copyright-and-entertainment/ Tue, 18 Aug 2026 12:00:00 +0000 https://www.promarket.org/?p=46295 Randy Picker on Competition Law, Copyright, and Entertainment

University of Chicago Law School professor Randy Picker passed away this weekend. Saul Levmore, a colleague at the Law School, remembers Randy's contributions to law scholarship and the University.

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]]> Farewell, Randy https://www.promarket.org/2026/08/17/farewell-randy/ Mon, 17 Aug 2026 21:36:30 +0000 https://www.promarket.org/?p=46279 Farewell, Randy

University of Chicago Law School professor Randy Picker passed away this weekend. Georgetown professor Filippo Lancieri pens a tribute to his colleague and former PhD advisor.

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]]> How To Preserve the Online Information Ecosystem in the Presence of Google AI Overviews https://www.promarket.org/2026/08/17/how-to-preserve-the-online-information-ecosystem-in-the-presence-of-google-ai-overviews/ Mon, 17 Aug 2026 10:00:00 +0000 https://www.promarket.org/?p=46258 How To Preserve the Online Information Ecosystem in the Presence of Google AI Overviews

In new research, Saharsh Agarwal and Ananya Sen study how Google AI Overviews reduce traffic to content publishers, their impact on consumer experience, and the implications of these findings for platform regulation and copyright and competition law.

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]]> Anatomy of a Supervisory Failure https://www.promarket.org/2026/08/15/anatomy-of-a-supervisory-failure/ Sat, 15 Aug 2026 10:00:00 +0000 https://www.promarket.org/?p=46262 Anatomy of a Supervisory Failure

For its entire 15-year life as a regional bank, SVB held the same risky bet. The risks were visible the whole time, yet supervisors reacted only once losses had materialized. SVB's collapse is less a story of hidden danger than of a supervisory system that polices process rather than risk.

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]]> Abortion Bans May Have Changed How People Have Sex  https://www.promarket.org/2026/08/14/abortion-bans-may-have-changed-how-people-have-sex/ Fri, 14 Aug 2026 10:00:00 +0000 https://www.promarket.org/?p=46167 Abortion Bans May Have Changed How People Have Sex 

In new research, James Flynn, David Munro, and Caitlin Myers document how sexual behavior has changed in light of total abortion bans enacted after Dobbs vs. Jackson Women’s Health. They find that abortion bans reduced sexual activity and increased contraceptive use, motivated by individuals having an increased awareness of state policy.

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