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.
Can diplomacy benefit business?
The days of U.S. boycotts of South Africa are long gone. The country is an economic powerhouse in Africa and a key economic partner for the U.S. In four years as U.S. ambassador to South Africa, Donald Gips ’89 worked to increase investment and trade flows between the countries.
America’s Strategy Vacuum
The Federal Reserve’s policy of open-ended quantitative easing emphasizes short-term tactics over longer-term strategy, writes Stephen Roach. “The focus, instead, should be on accelerating the process of balance-sheet repair, while at the same time returning monetary and fiscal policy levers to more normal settings.”
Private Equity in Transition
A recent online discussion with three experienced private equity professionals provided a survey of the industry’s development over the last decade, as well as advice for those interested in moving into the field. The participants were Peter M. Schulte ’83, Dan O’Connell ’80, and Sally Rocker ’81. The discussion was moderated by Andrew Metrick, Yale SOM Deputy Dean for Faculty Development & Michael H. Jordan Professor of Finance and Management.
How can we plan for the long term?
Businesses need to try to peer 30 or more years into the future as they make investment decisions. How can they separate long-term trends and opportunities from the rush of the present? Strategist George Friedman, author of The Next 100 Years, says to look at constraints, not possibilities.
Should employers be responsible for health?
More than 160 million Americans receive their healthcare coverage through an employer-sponsored program. In recent years, as the costs of healthcare have risen, so have premiums for workers and costs for companies. Is the system sustainable? Does it affect the competitiveness of American companies? Does it prompt innovations in healthcare delivery?
How should you sell a public good?
The airwaves are a precious commodity. More than 200 million cell phone subscribers in the U.S. alone chat and bat text messages across the wireless spectrum. When Reed Hundt was chairman of the FCC, he implemented the first auctions of this resource, opening the way for industry development and raising revenue for the government. Hundt recently talked with Professor Barry Nalebuff, describing what he learned about auction markets and how he might use an auction to save the environment. Of course, they spoke via cell phone.