In The News
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Professor Joseph Turow lauds and explains the recent California privacy bill that he describes as a “big win for data privacy.” He goes on to say that even though “it could be even stronger, the California law is stronger than anything that exists at the federal level.” -
The proximity rule of investment states that VC firms rarely invest in start-up more than 40 to 60 miles from their headquarters, yet the recent upshot in Foreign VC Investments upsets this paradigm. Professor Exequiel Hernandez’s research suggests this is due to the presence of immigrant entrepreneurs that facilitate the process. -
The voting machine company ES&S controls around 50% of the market and they have a reputation of keeping competitors at bay through litigation. When their machines falter, as in the Georgia race for lieutenant governor, it is the voters who lose. The lack of competition in the market leaves local polling officials little choice and when competitors do try to enter the market, ES&S takes them to court over alleged patent violations and other legal tactics. ProPublica cites “The Business of Voting ,” PPI’s industry analysis report on the election technology industry in their explanation of the added prohibitive cost of voting machine certification. -
On Tuesday, October 29th, Professor Ioana Marinescu testified before the House Judiciary Committee. Professor Ioana Marinescu is an expert on issues of antitrust in the labor market, her research is summarized in the Wharton PPI issue brief, “The Other Side of a Merger: Labor Market Power, Wage Suppression, and Finding Recourse in Antitrust Law .” In her testimony, she highlighted four points. Employers can suppress wages due to limited competition in the labor market; the majority (60%) of US labor markets are highly concentrated; higher labor market concentration tends to lower wages; and antitrust enforcement in labor markets should be strengthened. Watch Professor Marinescu’s testimony beginning at 1:23:00 in the linked video. -
Citing research published with the Wharton Public Policy Initiative, Professor Vincent Reina discusses ways to improve housing affordability. Professor Reina first highlights the conditions that led to the crisis and moves onto broader normative prescriptions. -
Wharton Professors Gerry Tsoukalas and Serguei Netessine discuss their research into “initial coin offering” crowdfunding and the conditions/terms that make these vehicles successful. -
New research by Professor Britta Glennon refutes the the belief that a “fixed” number of jobs exists and any new entrant to the U.S. labor force takes a job from a native-born worker thereby troubling restrictions on H-1B Visas. -
Professor Herbert Hovenkamp comments on Attorney General Josh Shapiro’s new regulatory expansion that some consider to be an antitrust rule. He expressed that the proposal conflicts with the federal Class Action Fairness Act. -
Wharton’s Peter Cappelli discusses where companies have gone wrong in the hiring process. Cappelli argues that Instead of relying on luck, companies should focus on trying to fix the hiring process by taking a more structured approach that is based on best practices, not subjectivity. -
A study finds that banks are shielding against the risks of climate change by moving riskier mortgages like those in coastal areas off their books and onto the federal government. This activity parallels behavior that led to the subprime lending crisis of 2008. -
Wharton’s Itay Goldstein and Peter Conti-Brown, along with Lisa Cook of Michigan State University, discuss the possible impact of negative interest rates on the U.S. economy. Among the many possibilities it can whittle government debt but also creates a slow growth environment. -
Wharton’s Lynn Wu discusses her research on how different organizational structures influence the use of data analytics to spur innovation. “Analytics can really drive the creation of recombinations, or combining a diverse set of existing technologies in a new way’ says Wu. -
Professor Matthew Bidwell comments on the ways in which the gig economy represents an interesting phenomenon that has affected industries like the taxi sector, however, he asserts that it may have not had as wide reaching effects as suggested. -
Wharton’s Steven Kimbrough and Carolyn Kousky and Penn Law’s Cary Coglianese discuss the solutions offered by a new Penn-wide report on climate change. -
Professor Kartik Hosanagar comments on the privacy failures of current industry practices around anonymizing datasets. -
In response to an op-ed published by Bill Dudley, Professor Peter Conti-Brown comments on what heeding this advice means for the Federal Bank. According to Conti-Brown, this could be an end to the central bank’s political insulation. -
In a discussion hosted by Knowledge at Wharton, Professors Howard Kunreuther and Michael Useem discuss their research into the creative policies and practices companies have adopted to curb against the the risks imposed by disaster. Through this work, they distilled a 10-part checklist for avoiding future calamities. -
Professor Joseph Harrington shows skepticism around Sprint’s strategy to leverage Dish Network in order to merge with T-Mobile. -
Wharton’s Peter Cappelli and Prasanna Tambe discuss their new research about the challenges of using AI in human resources. The professors show how limited data, the complexity of HR tasks, fairness and accountability pose problems for digital HR
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Professor Ezekiel Emanuel is joined by Victor R. Fuchs in an Op-ed where the two venture to address some of the widespread misconceptions and fallacies circulating in today’s health care debate. -
Professor Peter Cappelli comments on how the new statement on the purpose of companies may affect HR and employees; in particular he says the it is an effort to respond to industry analysts who often resist the idea of spending on employee issues.
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Wharton’s Daniel Taylor discusses his research on why proposed SEC changes on small firm audits could lead to more accounting scandals. -
Professor Mark Pauly provides a clear analysis of the Trump administration’s current efforts to both reduce US drug prices and promote R&D by setting its eyes on the European system. -
Professor Allison Hoffman breaks down the misrepresented idea of “choice” behind several Democratic Presidential Nominees’ support for alternative healthcare options to Medicare for all. She shows the structural barriers that make it so that even with a choice, often patrons make poor health insurance decisions. -
Professor Cornelia Colijn discusses the important role of cities in the fight against climate change. She address why they are at the forefront of this effort and why cities favor adaptation solutions rather than mitigatory ones. -
Professor Corinne Low and Judd B. Kessler discuss their research into hiring bias and their findings. Even in companies that purportedly champion diversity, there were indicators of implicit bias that favor some applicants over others. -
Professor Mauro Guillen comments on the implications of the rising tensions between the US and China on the export dependent Korean economy. He urges the Korean Government to be cognizant of the ripple effect that will likely be felt from the currency war, onto the global economy, and then onto Korea. -
Professor Joseph Harrington discuss T-Mobile and Sprint’s move to convince regulators that a merger is well advised. The companies proposes a fast track to 5G rollout and the creation of a new carrier: Dish. Though creative, Harrington has his doubts
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What does a drop in construction spending mean for economists? Professor Susan Wachter claims that it could be a harbinger of a slowing economy.
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Is a US economic recession imminent? Professor Jeremy Siegel says, no, but a slowdown is perhaps in the horizon. “I don’t see [a recession coming up]. I also think that the Fed has enough silver bullets” he says.
