Competition
How an Antitrust Lawsuit from Michael Jordan Reshaped NASCAR
A lawsuit charging NASCAR with anticompetitive practices led to a settlement that changed the structure of stock car racing. Antitrust economist Ted Snyder testified in the case.
Three Questions: Prof. Vineet Kumar on Facebook’s Move into Cryptocurrency
On June 18, Facebook announced Libra, a new cryptocurrency intended to make it easy for individuals and companies to exchange payments anywhere in the world. We asked Prof. Vineet Kumar why a company that started by enabling people to share personal news is now building an alternative financial system.
Three Questions: Prof. Soheil Ghili on Why Amazon Shoppers Aren’t Embracing Whole Foods
To convert its Prime customers into Whole Foods shoppers, Amazon is cutting prices at the stores and offering discounts to Prime members. Yale SOM’s Soheil Ghili explains the company’s strategy.
Gig Workers Value their Flexibility... a Lot
Using extensive data on Uber drivers, Yale SOM’s Judith Chevalier and her co-authors examined their driving patterns to understand the economic value of flexible scheduling. They found that rideshare drivers would have to earn as much as double to accept less-flexible arrangements.
Three Questions: Prof. Florian Ederer on ‘Killer Acquisitions’
A recent lawsuit alleged that a billionaire investor bought the rights to a new drug just to eliminate a potential competitor. We asked Yale SOM's Florian Ederer to explain why a "catch-and-kill" merger can be damaging and what to do about the phenomenon.
Competition Can Make Corporate Cultures More Socially Progressive
A study by Yale SOM’s Alexander Zentefis and Gary Gorton suggests a progressive competitor can push a company to change under the right circumstances.
Prof. Fiona Scott Morton Outlines Fixes for Healthcare Markets in Congressional Testimony
Prof. Scott Morton called a private healthcare system without competitive pressure “the worst of both worlds” in terms of costs.
How Do You Plan for Explosive Technological Change?
Nasir Wajihuddin ’89, CEO of Anedom Mobile Group, says that after five and half decades of Moore's law, technological change is coming so quickly that longstanding strategic frameworks are becoming irrelevant.
Three Questions: Prof. Zoë Chance on the Standoff between Nancy Pelosi and Donald Trump
We asked Yale SOM’s Zoë Chance, an expert in influence and persuasion, about the method behind Pelosi’s suggestion that the State of the Union be delayed.
Can You Trust Bad Online Ratings?
A poorly rated item with few reviews is likely scored lower than it deserves to be, according to research by Yale SOM’s Balázs Kovács and his co-authors.
Three Questions: Prof. James Baron on Amazon’s New Minimum Wage
We asked Prof. James Baron, an expert in human resources and labor markets, what Amazon’s $15 minimum wage would mean for workers there and at other companies.