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In The News

  • Associate Professor of Legal Studies and Ethics, Professor David Zaring

    Wharton’s John Paul MacDuffie and David Zaring join the Knowledge@Wharton broadcast to discuss Volkswagen’s ongoing emissions cheating scandal. Both MacDuffie and Zaring indicate that the cause of the ongoing situation is company greed.

  • Penn Wharton PPI Faculty Affiliate, Professor Olivia S. Mitchell
    In light of the US Treasury Department’s announcement sanctioning corporate lump sum pension pay outs for employees, Wharton Professor Olivia Mitchell discusses the benefits it serves for companies and the potential risks it posses for employees. 
  • How much should a thing cost? This simple question is a politically vexing one, whether the cost ...
    Wharton Professor Peter Conti-Brown provides a historical conversation aimed at answering how laws and the court system have informed the polarizing question of “how much should credit cost?”(especially for those that are the most socially and financially disadvantaged in society)
  • Patrick T. Harker Professor, Professor of Business Economics and Public Policy, Department Chair ...
    Could algorithms collude on prices? Wharton Professor Joseph Harrington argues that it is difficult to determine based on the limited technical knowledge of algorithms. He also suggests that “algorithms will need to be tested in more advanced and complex environments” to see their impacts on pricing.
  • John C. Hower Professor, Professor of Operations, Information, and Decisions, Professor Kartik Ho...
    Kartik Hosanagar discusses Senator Elizabeth Warren’s plan to regulate giant tech companies. Warren proposes that companies will not be able to use their platforms to market their products and services. Hosanagar proposes that to regulate big tech companies, one must address consumer protection and “platform-oriented organizations”.
  • Richard A. Sapp Professor, Professor of Management, Professor David Hsu

    Wharton Professor David Hsu analyzes Lyft becoming a publicly traded company. Unlike Uber, Hsu argues that Lyft did not make the same operational mistakes and “…positioned themselves as the anti-Uber.”

  • Bendheim Professor, Professor of Health Care Management, Professor of Business Economics and Publ...
    Wharton Professor Mark V. Pauly joins the Knowledge@Wharton broadcast to discuss Bernie Sanders’s proposed “Medicare for All” plan. He argues that there is not enough evidence to suggest that a national health insurance program would work in the United States. Furthermore, Pauly implies that Senator Sanders’s proposed “Medicare for All” plan is dependent upon providing cost-effective care.
  • Professor Lisa Servon
    Professor Lisa Servon provides an insightful meditation on the human issues that stand behind a recent push for Philadelphia to ban cashless stores. She juxtaposes her own financial stability with her customers from RiteCheck to show how a reliance on cash is a symptom of a larger system of economic disenfranchisement faced by many Americans. 
  • James G. Dinan University Professor, Professor of Legal Studies & Business Ethics, Professor ...

    Wharton Professor Herbert Hovenkamp discusses Elizabeth Warren’s proposal, which intends to break up Big Tech firms. Hovenkamp argues that Warren’s proposal fails to distinguish between “..who is being harmed and who is benefiting. Furthermore, he suggests that her plan may “…raise consumer prices and consumer variety”.

  • Edward B. Shils Professor of Law and Professor of Political Science; Director of Penn Program on ...

    Penn Law Professor Cary Coglianese explains Trump’s claim of curtailing the number of business regulations than any other president. Coglianese argues that Trump’s claim can be beneficial for both himself and Democrats.

  • Howard Butcher III Professor of Finance, Professor Joao F. Gomes

    Wharton Professor Joao Gomes joins the Knowledge@Wharton broadcast to discuss the United States’s national debt and offers some potential solutions to combat the issue. A potential idea he suggests is decreasing services provided by the government. One question he poses is”Is it more likely that we will strike some balance where we have to compromise and say these promises [on Social Security and Medicare] are just way too generous?”

  • Professor of Management, Professor John Paul MacDuffie

    John Paul MacDuffie and David Zaring join the Knowledge@Wharton broadcast to discuss Volkswagen’s “Dieselgate”, where the auto manufacturer had altered the environmental dependence in over 500,000 automobiles. Both MacDuffie and Zaring imply that greed is what lead Volkswagen to deceive consumers and investors.

  • Joel S. Ehrenkranz Family Professor, Professor of Finance, Professor of Economics, Coordinator of...
    Itay Goldstein discusses where in the financial technology space is the most opportunity located. He argues that not only is fintech going to overhaul the traditional finance industry, but that there are also tons of activities occurring outside of the traditional finance sector. Therefore, he suggests it is crucial to critically analyze new technologies and their impacts on global society.
  • John C. Hower Professor, Professor of Operations, Information, and Decisions, Professor Kartik Ho...
    Wharton Professor Kartik Hosanagar analyzes the potential risks of algorithms that are being used for artificial intelligence. He advocates for “an algorithmic bill of right”, which argues for personal liberties and responsibilities of using algorithms. Without “an algorithmic bill of right”, Hosanagar implies that the use of algorithms will have negative consequences on how one lives.
  • Albert Sussman Professor of Real Estate, Professor of Finance, Professor Susan M. Wachter
    Susan M. Wachter offers her perspective regarding the drastic rise of home prices in North American urban centers. Although home prices will eventually settle down, she indicates that their spike in relation to income remains a growing concern for the Millennial generation
  •    Bendheim Professor, Professor of Healthcare Management, Professor of Business Economics and Pu...

    Wharton Professor Mark V. Pauly offers his perspective of accountable care organizations, which are controlled by the Stark Law. The legislation prevents physicians from referring patients to places where they have an economic incentive. Pauly argues that people should have a choice if they decide on choosing an ACO.

  • Professor of Medicine at the Perelman School of Medicine, Director of Health Policy and Outcomes ...

    According to a new study conducted by Penn Medicine researchers, Medicare patients that receive home care have higher rates of hospital admission than those who receive care in a nursing home. Professor Rachel M. Werner discusses the tradeoffs between home care and nursing facilities. She argues”…While home health care may cost less, it doesn’t have the same intensity of care as a skilled nursing facility, which may be sending many of them back into the hospital.”

  • James G. Dinan University Professor; Professor of Legal Studies & Business Ethics, Professor ...

    One of the issues that the Democrats are looking to use in the upcoming 2020 election are “antitrust laws”. Wharton and Penn Law Professor Herbert Hovenkamp offers a historical perspective to “antitrust laws”. He argues that it “hasn’t been such an intense focus of a presidential campaign since the 1912 election with Woodrow Wilson, William Taft, and Theodore Roosevelt”.

  • Bendheim Professor, Professor of Healthcare Management, Professor of Business Economics and Publi...

    In this Op-ed article, Wharton Professor Mark V. Pauly discusses his perspective of U.S. Senator Kamala Harris’s “Medicare for All” proposal. He argues that it could lead to complications with medical visits and that “benefits…and their policies vary across states”. Furthermore, he implies that one must be realistic in their expectation of healthcare delivery.

  • Professor of Legal Studies and Business Ethics, Professor Kevin Werbach

    Wharton Professor Kevin Werbach discusses the Trump campaign’s proposal for a wholesale 5G network. Part of the proposal is that “No company could use exclusive control over spectrum to block competition”. Although against the Trump administration, Werbach argues that “…Democrats should welcome [the Republican’s] open access vision.”

  • Associate Professor of Management, Professor Minyuan Zhao

    Wharton Professor Minyuan Zhao offers her perspective about why China and the United States have not come to a trade agreement. She argues that one avenue that is worth consideration is “both [countries having] a mutual interest in protecting IP rights. Apart from protecting IP rights, she suggests that “U.S.-China negotiations are not just about trade, but also have longer-term implications on the “development models” China adopts”.

  • Assistant Professor of Health Care Management, Professor Ashley Swanson

     

    Wharton Professor Ashley Swanson joins the Knowledge@Wharton podcast to discuss government efforts to curb rising prices for prescription drugs. She argues that there are negative impacts to leaving drug prices to the markets, such as charging monopolistic prices. To amend the problem, Swanson also indicates that the government must enact stronger policies. One solution that she recommends is re-analyzing the “cross-subsidization” model of pharmaceutical companies.

  • Joseph Kolodny Professor of Social Responsibility in Business, Professor of Legal Studies and Bus...
    In light of the economic and political turmoil facing Venezuela, Wharton Professor Philip M. Nichols provides a three point non-violent alternative to help the country begin its recovery: Establishing equity, Restimulating vital markets, Erecting legal institutions for asset claims. 
  • Assistant Professor of Marketing, Professor Pinar Yildirim

    Regarding the use of artificial intelligence to address the gap in cybersecurity skills, Wharton professor Pinar Yildirim argues that “automation can negatively impact team dynamics and actually lead to less efficiency.”

    Original source here: http://knowledge.wharton.upenn.edu/article/automation-make-teams-less-efficient-less-cooperative/

  • Assistant Professor of Business Economics and Public Policy, Professor Arthur van Benthem

    Appearing on the Knowledge@Wharton podcast, Arthur van Benthem discusses, “Flawed Analyses of U.S. Auto Fuel Economy Standards ,” a new study he co-authored, which challenges the argument made by the current administration that the costs of the fuel efficiency targets made by the Obama administration outweigh the benefits. Additionally, van Benthem discusses the more relaxed fuel efficiency rates imposed by the Trump administration. He suggests that with higher efficiency standards, “[t]here are environmental benefits. Not just greenhouse gases, but also air pollution. By relaxing the standards, we’re throwing away all those benefits.”

  • Professor of Legal Studies and Business Ethics, Professor Kevin Werbach

    Wharton Professor Kevin Werbach implies that regulation is not the main concern with blockchain systems. Instead, he argues that the it is the lack of trust. He indicates that “People will use blockchain systems if they trust them, which is the only way the technology will see mass-market adoption.”

  • Assistant Professor, Faculty Research Fellow, National Bureau of Economic Research, Professor Ioa...

    Is Universal Basic Income(UBI) an effective strategy for combating higher living costs and helping people integrate back into the workforce? One place where this idea was tested was in Finland. Penn economics professor Ioana E. Marinescu discovered that the results from the Finland experiment were similar to  “People living on Native American reservations…who received stipends from casino profits…[which] report[ed] lower levels of stress and depression.”

  • Critical infrastructure is always strategic. It is essential to a country’s economy and its...
    In a discussion on critical infrastructure, Professor Eric Celmens highlights the need for intelligent regulation of major information platforms such as Google, Apple, and the like in order to preserve consumer rights and economic prosperity. 
  • Joseph Kolodny Professor of Social Responsibility in Business, Professor of Legal Studies and Bus...

    How should Howard Schultz handle running for president, while still owning shares in Starbucks? Wharton Professor Philip M. Nichols argues “…he[must] avoid the conflict between what is good for this country and what is good for Starbucks….he needs to commit to selling all his shares in the company”.

  • Associate Professor of Management, Professor Minyuan Zhao

    To prevent a wider trade dispute with China, US investors are hoping that a trade deal will be made. Associate Professor of Management at the Wharton School Minyuan Zhao argues “When cross-border transaction becomes more costly, or risky, companies may decide to engage in more local production, hence higher investments in the host countries…, but[it] may not indicate optimism towards the US-China relationship.”

WHARTON PPI
RESOURCE SPOTLIGHT:

  • <h3>Federal Reserve Economic Data (FRED®)</h3><p><strong><img width="180" height="79" alt="" src="/live/image/gid/4/width/180/height/79/481_fred-logo.rev.1407788243.jpg" class="lw_image lw_image481 lw_align_right" data-max-w="222" data-max-h="97"/>An online database consisting of more than 72,000 economic data time series from 54 national, international, public, and private sources.</strong> FRED®, created and maintained by Research Department at the Federal Reserve Bank of St. Louis, goes far beyond simply providing data: It combines data with a powerful mix of tools that help the user understand, interact with, display, and disseminate the data.</p><p> Quick link to data page: <a href="http://research.stlouisfed.org/fred2/tags/series" target="_blank">http://research.stlouisfed.org/fred2/tags/series</a></p><p>See all <a href="/data-resources/">data and resources</a> »</p>
  • <h3>Internal Revenue Service: Tax Statistics</h3><p><img width="155" height="200" alt="" src="/live/image/gid/4/width/155/height/200/486_irs_logo.rev.1407789424.jpg" class="lw_image lw_image486 lw_align_left" srcset="/live/image/scale/2x/gid/4/width/155/height/200/486_irs_logo.rev.1407789424.jpg 2x" data-max-w="463" data-max-h="596"/>Find statistics on business tax, individual tax, charitable and exempt organizations, IRS operations and budget, and income (SOI), as well as statistics by form, products, publications, papers, and other IRS data.</p><p> Quick link to <strong>Tax Statistics, where you will find a wide range of tables, articles, and data</strong> that describe and measure elements of the U.S. tax system: <a href="http://www.irs.gov/uac/Tax-Stats-2" target="_blank">http://www.irs.gov/uac/Tax-Stats-2</a></p><p>See all <a href="/data-resources/">data and resources</a> »</p>
  • <h3>National Center for Education Statistics</h3><p><strong><img width="400" height="80" alt="" src="/live/image/gid/4/width/400/height/80/479_nces.rev.1407787656.jpg" class="lw_image lw_image479 lw_align_right" data-max-w="400" data-max-h="80"/>The National Center for Education Statistics (NCES) is the primary federal entity for collecting and analyzing data related to education in the U.S. and other nations.</strong> NCES is located within the U.S. Department of Education and the Institute of Education Sciences. NCES has an extensive Statistical Standards Program that consults and advises on methodological and statistical aspects involved in the design, collection, and analysis of data collections in the Center. To learn more about the NCES, <a href="http://nces.ed.gov/about/" target="_blank">click here</a>.</p><p> Quick link to NCES Data Tools: <a href="http://nces.ed.gov/datatools/index.asp?DataToolSectionID=4" target="_blank">http://nces.ed.gov/datatools/index.asp?DataToolSectionID=4</a></p><p> Quick link to Quick Tables and Figures: <a href="http://nces.ed.gov/quicktables/" target="_blank">http://nces.ed.gov/quicktables/</a></p><p> Quick link to NCES Fast Facts (Note: The primary purpose of the Fast Facts website is to provide users with concise information on a range of educational issues, from early childhood to adult learning.): <a href="http://nces.ed.gov/fastfacts/" target="_blank">http://nces.ed.gov/fastfacts/#</a></p><p>See all <a href="/data-resources/">data and resources</a> »</p>
  • <h3>The Penn World Table</h3><p> The Penn World Table provides purchasing power parity and national income accounts converted to international prices for 189 countries/territories for some or all of the years 1950-2010.</p><p><a href="https://pwt.sas.upenn.edu/php_site/pwt71/pwt71_form.php" target="_blank">Quick link.</a> </p><p>See all <a href="/data-resources/">data and resources</a> »</p>
  • <h3>National Bureau of Economic Research (Public Use Data Archive)</h3><p><img width="180" height="43" alt="" src="/live/image/gid/4/width/180/height/43/478_nber.rev.1407530465.jpg" class="lw_image lw_image478 lw_align_right" data-max-w="329" data-max-h="79"/>Founded in 1920, the <strong>National Bureau of Economic Research</strong> is a private, nonprofit, nonpartisan research organization dedicated to promoting a greater understanding of how the economy works. The NBER is committed to undertaking and disseminating unbiased economic research among public policymakers, business professionals, and the academic community.</p><p> Quick Link to <strong>Public Use Data Archive</strong>: <a href="http://www.nber.org/data/" target="_blank">http://www.nber.org/data/</a></p><p>See all <a href="/data-resources/">data and resources</a> »</p>
  • <h3>The World Bank Data (U.S.)</h3><p><img width="130" height="118" alt="" src="/live/image/gid/4/width/130/height/118/484_world-bank-logo.rev.1407788945.jpg" class="lw_image lw_image484 lw_align_left" srcset="/live/image/scale/2x/gid/4/width/130/height/118/484_world-bank-logo.rev.1407788945.jpg 2x, /live/image/scale/3x/gid/4/width/130/height/118/484_world-bank-logo.rev.1407788945.jpg 3x" data-max-w="1406" data-max-h="1275"/>The <strong>World Bank</strong> provides World Development Indicators, Surveys, and data on Finances and Climate Change.</p><p> Quick link: <a href="http://data.worldbank.org/country/united-states" target="_blank">http://data.worldbank.org/country/united-states</a></p><p>See all <a href="/data-resources/">data and resources</a> »</p>
  • <h3>MapStats</h3><p> A feature of FedStats, MapStats allows users to search for <strong>state, county, city, congressional district, or Federal judicial district data</strong> (demographic, economic, and geographic).</p><p> Quick link: <a href="http://www.fedstats.gov/mapstats/" target="_blank">http://www.fedstats.gov/mapstats/</a></p><p>See all <a href="/data-resources/">data and resources</a> »</p>
  • <h3>USDA Nutrition Assistance Data</h3><p><img width="180" height="124" alt="" src="/live/image/gid/4/width/180/height/124/485_usda_logo.rev.1407789238.jpg" class="lw_image lw_image485 lw_align_right" srcset="/live/image/scale/2x/gid/4/width/180/height/124/485_usda_logo.rev.1407789238.jpg 2x, /live/image/scale/3x/gid/4/width/180/height/124/485_usda_logo.rev.1407789238.jpg 3x" data-max-w="1233" data-max-h="850"/>Data and research regarding the following <strong>USDA Nutrition Assistance</strong> programs are available through this site:</p><ul><li>Supplemental Nutrition Assistance Program (SNAP) </li><li>Food Distribution Programs </li><li>School Meals </li><li>Women, Infants and Children </li></ul><p> Quick link: <a href="http://www.fns.usda.gov/data-and-statistics" target="_blank">http://www.fns.usda.gov/data-and-statistics</a></p><p>See all <a href="/data-resources/">data and resources</a> »</p>
  • <h3>Federal Aviation Administration: Accident & Incident Data</h3><p><img width="100" height="100" alt="" src="/live/image/gid/4/width/100/height/100/80_faa-logo.rev.1402681347.jpg" class="lw_image lw_image80 lw_align_left" srcset="/live/image/scale/2x/gid/4/width/100/height/100/80_faa-logo.rev.1402681347.jpg 2x, /live/image/scale/3x/gid/4/width/100/height/100/80_faa-logo.rev.1402681347.jpg 3x" data-max-w="550" data-max-h="550"/>The NTSB issues an accident report following each investigation. These reports are available online for reports issued since 1996, with older reports coming online soon. The reports listing is sortable by the event date, report date, city, and state.</p><p> Quick link: <a href="http://www.faa.gov/data_research/accident_incident/" target="_blank">http://www.faa.gov/data_research/accident_incident/</a></p><p>See all <a href="/data-resources/">data and resources</a> »</p>
  • <h3>NOAA National Climatic Data Center</h3><p><img width="200" height="198" alt="" src="/live/image/gid/4/width/200/height/198/483_noaa_logo.rev.1407788692.jpg" class="lw_image lw_image483 lw_align_left" srcset="/live/image/scale/2x/gid/4/width/200/height/198/483_noaa_logo.rev.1407788692.jpg 2x, /live/image/scale/3x/gid/4/width/200/height/198/483_noaa_logo.rev.1407788692.jpg 3x" data-max-w="954" data-max-h="945"/>NOAA’s National Climatic Data Center (NCDC) is responsible for preserving, monitoring, assessing, and providing public access to the Nation’s treasure of <strong>climate and historical weather data and information</strong>.</p><p> Quick link to home page: <a href="http://www.ncdc.noaa.gov/" target="_blank">http://www.ncdc.noaa.gov/</a></p><p> Quick link to NCDC’s climate and weather datasets, products, and various web pages and resources: <a href="http://www.ncdc.noaa.gov/data-access/quick-links" target="_blank">http://www.ncdc.noaa.gov/data-access/quick-links</a></p><p> Quick link to Text & Map Search: <a href="http://www.ncdc.noaa.gov/cdo-web/" target="_blank">http://www.ncdc.noaa.gov/cdo-web/</a></p><p>See all <a href="/data-resources/">data and resources</a> »</p>
  • <h3>Congressional Budget Office</h3><p><img width="180" height="180" alt="" src="/live/image/gid/4/width/180/height/180/380_cbo-logo.rev.1406822035.jpg" class="lw_image lw_image380 lw_align_right" data-max-w="180" data-max-h="180"/>Since its founding in 1974, the Congressional Budget Office (CBO) has produced independent analyses of budgetary and economic issues to support the Congressional budget process.</p><p> The agency is strictly nonpartisan and conducts objective, impartial analysis, which is evident in each of the dozens of reports and hundreds of cost estimates that its economists and policy analysts produce each year. CBO does not make policy recommendations, and each report and cost estimate discloses the agency’s assumptions and methodologies. <strong>CBO provides budgetary and economic information in a variety of ways and at various points in the legislative process.</strong> Products include baseline budget projections and economic forecasts, analysis of the President’s budget, cost estimates, analysis of federal mandates, working papers, and more.</p><p> Quick link to Products page: <a href="http://www.cbo.gov/about/our-products" target="_blank">http://www.cbo.gov/about/our-products</a></p><p> Quick link to Topics: <a href="http://www.cbo.gov/topics" target="_blank">http://www.cbo.gov/topics</a></p><p>See all <a href="/data-resources/">data and resources</a> »</p>
  • <h3>HUD State of the Cities Data Systems</h3><p><strong><img width="200" height="200" alt="" src="/live/image/gid/4/width/200/height/200/482_hud_logo.rev.1407788472.jpg" class="lw_image lw_image482 lw_align_left" srcset="/live/image/scale/2x/gid/4/width/200/height/200/482_hud_logo.rev.1407788472.jpg 2x, /live/image/scale/3x/gid/4/width/200/height/200/482_hud_logo.rev.1407788472.jpg 3x" data-max-w="612" data-max-h="613"/>The SOCDS provides data for individual Metropolitan Areas, Central Cities, and Suburbs.</strong> It is a portal for non-national data made available through a number of outside institutions (e.g. Census, BLS, FBI and others).</p><p> Quick link: <a href="http://www.huduser.org/portal/datasets/socds.html" target="_blank">http://www.huduser.org/portal/datasets/socds.html</a></p><p>See all <a href="/data-resources/">data and resources</a> »</p>