Economics
When Cash Isn’t an Option, Consumers Lose Out
Paper currency is associated with crime and tax avoidance, but low-income consumers often rely on it. New research from Yale SOM’s David Argente puts a figure on how much those consumers forfeit when governments ban cash payments.
Is Antitrust Enforcement Out of Date?
U.S. antitrust laws, Yale SOM’s Fiona Scott Morton says, were written when new technology meant “typewriters and buggy whips and bicycles.” She assembled a group of economists and legal scholars to examine areas in which enforcement is out of sync with a changing economy.
Three Questions: Prof. Peter K. Schott on Tariffs and Trade Wars
President Trump has imposed a series of tariffs, raising tensions with allies and prompting other countries to respond in kind. We asked Yale SOM’s Peter K. Schott, who studies how firms and workers respond to globalization, to assess the current climate.
Do Companies Buy Competitors in Order to Shut Them Down?
A study co-authored by Yale SOM researchers Florian Ederer and Song Ma suggests that “killer acquisitions” by pharmaceutical companies are potentially limiting the number of new treatments available.
Three Questions: Prof. William B. English on the Debut of the New Fed Chair
We asked Prof. William B. English, who spent more than two decades as an economist at the Fed, to interpret new Fed chair Jerome Powell's first Open Market Committee meeting.
Does Automatic Enrollment into Retirement Plans Hurt Household Finances?
When companies automatically enroll employees in retirement plans, the employees save more money for their later years. But the extra savings may exact a pre-retirement toll on their finances.
The Trump Boom Is Making It Harder to See the Next Recession
We are overdue for a recession, but economists can't say with much certainty when it will arrive.
To Counter the Loss of the Federal Mandate, Create a State Healthcare Fee
To avoid higher premiums and more “free riders," Fiona Scott Morton proposes that Connecticut require residents to buy insurance, contribute to a Health Savings Account, or pay a fee to the state.
Three Questions: Prof. Andrew Metrick on the Stock Market and the Economy
It’s been a dizzying week on Wall Street. We asked Yale SOM’s Andrew Metrick if the volatile stock market also means trouble for the broader economy.
When Should Organizations Change Their Mix of Products?
To formulate an optimal product mix, managers need to understand how departmental budgets and information sharing within a company can affect decision making, according to a new study co-authored by Yale SOM’s Rick Antle.
Do Startups Pay Less?
Today, many young people are forgoing careers at established firms to join startups. Yale SOM’s Olav Sorenson investigated whether they are making the right financial choice.
