Research that drives change.
The Business and Policy Initiative at Simon Business School fosters high-quality research about the interaction of public policy and business strategy.
Supported in part by The Bradley Center, the initiative is a hub for thought leadership on antitrust and merger policy, financial regulation, monetary and fiscal policy, health care policy, and labor market policy. The initiative seeks to inform public policy by promoting dialogue between researchers, policymakers, industry leaders, students, and alumni.
Jeanine Miklos-Thal, Director of the Business and Policy Initiative at Simon Business School, Introduces this new thought leadership initiative
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Meet the faculty behind the initiative
Professor Kahn is the Helen F. and Fred H. Gowen Professor in the Social Sciences and a Professor of Economics at the University of Rochester. Her research focuses on labor economics with interests in organizations and education. Her most recent work examines the impact of COVID-19 on the labor market. In other ongoing work, she evaluates public-private workforce development programs and whether they help to bridge the skills gap. In her previous work, she has examined how the Great Recession accelerated the adoption of labor-replacing technologies, exacerbating polarization of the U.S. economy. In previous work, she examined the consequences of graduating from college in an economic downturn, finding surprisingly long-lasting, negative wage effects. That paper won the award for the best paper published in Labour economics in 2010/11.
She was previously an associate professor of economics at Yale School of Management. From 2010 to 2011 Kahn served on President Obama's Council of Economic Advisers as the senior economist for labor and education policy. She has also been a visiting fellow at Brookings Institution and is currently a Research Associate at NBER and an IZA Research Fellow. She is currently on the executive board for the Society of Labor Economists. She holds an A.B. in economics from the University of Chicago (2003) and an M.A. and a Ph.D. in economics from Harvard University (2008).
Professor Miklós-Thal holds a PhD in economics from the Toulouse School of Economics, France. Prior to joining the Simon School in 2009, she was an assistant professor of economics at the University of Mannheim, Germany, and a visiting scholar at the MIT Sloan School of Management. Miklós-Thal currently serves as a Co-Editor of the International Journal of Industrial Organization and as an Associate Editor of Management Science.
Professor Prager is an empirical economist whose research is in the industrial organization of health care markets and labor markets. Prior to joining the Simon School, Prager was at Northwestern University’s Kellogg School of Management.
David Primo is an expert in American politics, campaign finance law, corporate political strategy, corporate social responsibility, and fiscal policy. He teaches courses in American politics, corporate political strategy, and innovation and global business. Primo is the author or co-author of four books, including the forthcoming "Campaign Finance and American Democracy: What the Public Really Thinks and Why It Matters" and the award-winning "Rules and Restraint: Government Spending and the Design of Institutions". Primo has published his research in leading journals such as the American Journal of Political Science and Strategic Management Journal, and his work has been supported by several organizations including the National Science Foundation.
Prior to joining the Simon School in 1997, Shaffer taught in the economics departments at Indiana University (Bloomington, Ind.) and the University of Michigan (Ann Arbor, Mich.). He has held an appointment at Princeton University’s Woodrow Wilson School, and he has been a visiting scholar in the marketing department at Northwestern University’s Kellogg School of Management. In addition to his teaching and research duties at the Simon School, Shaffer has an appointment in the School of Management at the University of East Anglia (Norwich, UK). He is also the founder of the Center for Pricing.
Recent policy research at Simon.
- Antitrust and Competition Policy
- Miklos-Thal, Jeanine and Greg Shaffer. (2022): “The economics of dual pricing in vertical agreements,” Concurrences Review, 2-2022, 06194.
- Prager, Elena and Matt Schmitt. (2021): “Employer Consolidation and Wages: Evidence from Hospitals,” American Economic Review, 111(2), 397-427.
- Miklos-Thal, Jeanine and Greg Shaffer. (2021): “Pass-Through as an Economic Tool: On Exogenous Competition, Social Incidence, and Price Discrimination,” Journal of Political Economy, 129(1), 323-335.
- Miklos-Thal, Jeanine and Greg Shaffer. (2021): “Input Price Discrimination by Resale Market,” RAND Journal of Economics, 52(4), 727-757.
- Lu, S., Serfes, K., Wedig, G. and Wu, B. (2021): "Does competition improve service quality? The case of nursing homes where public and private payers coexist," Management Science, 67(12), 6493-6512.
- Ellickson, Paul, Paul L.E. Grieco and Oleksii Khvastunov. (2020): “Measuring Competition in Spatial Retail,” Rand Journal of Economics, 51(1), 189-232.
- Ellickson, Paul, Peter Arcidiacono, Carl Mela and John Singleton (2020): “The Competitive Effects of Entry: Evidence from Supercenter Expansion,” American Economic Journal: Applied Economics, 12(3), 175-206.
- Miklos-Thal, Jeanine and Catherine Tucker. (2019): “Collusion by Algorithm: Does Better Demand Prediction Facilitate Coordination between Sellers?” Management Science, 65(4), 1552–1561.
- Shaffer, Greg and Zhijun Chen. (2019): “Market-Share Contracts, Exclusive Dealing, and the Integer Problem,” American Economic Journal: Microeconomics, 11: 208-242.
- Foros, Øystein, Kind, Hans Jarle and Greg Shaffer. (2017): “Apple’s Agency Model and Most-Favored-Nation Clauses,” Rand Journal of Economics, 48, 673-703.
- Ellickson, Paul. (2015): “Market Structure and Performance,” in James D. Wright (Ed.), International Encyclopedia of the Social and Behavioral Sciences, 2nd Edition, Vol. 14, Oxford: Elsevier. 9211-9216.
- Health Care Policy
- Brickley, J., Lu, S and Wedig, G. (2022): “Are firms with 'deep pockets' more responsive to tort liability? Evidence from nursing homes,” Health Economics, 31(8), 1590-1617.
- Prager, Elena and Matt Schmitt. (2021): “Employer Consolidation and Wages: Evidence from Hospitals,” American Economic Review, 111(2): 397-427.
- Nicole Robitaille, Nina Mazar, Claire Tsai, Avery Haviv, and Elizabeth Hardy. (2021): "Increasing Organ Donor Registrations with Behavioral Interventions: A Large-Scale Field Experiment." Journal of Marketing, 85(3).
- Brickley, J., Lu, S and Wedig, G. (2021). “Five-star ratings and managerial turnover: Evidence from the nursing home industry,” The Journal of Law, Economics and Organization, 37(2), 278-313.
- Prager, Elena. (2020): “Healthcare Demand under Simple Prices: Evidence from Tiered Hospital Networks,” American Economic Journal: Applied Economics, 12(4): 196-223.
- Brickley, J., Lu, S and Wedig, G. (2017): “Malpractice laws and incentives to shield assets: Evidence from nursing homes,” Journal of Empirical Legal Studies, 14(2), 301-332.
- Financial Regulation
- Orlov Dmitry, Pavel Zryumov and Andrzej Skrzypacz. (forthcoming): “Design of Macro-prudential Stress Tests.” Review of Financial Studies.
- Glode, Vincent, Opp, Christian C., and Sverchkov, Ruslan. (2022): “To Pool or Not to Pool? Security Design in OTC Markets,” Journal of Financial Economics, 145(2), 508-526.
- Kalmenovitz, Joseph. (2021): “Incentivizing Financial Regulators.” The Review of Financial Studies, 34.10, 4745-4784. Glode, Vincent and Opp, Christian C. (2020): “Over-the-Counter vs. Limit-Order Markets: The Role of Traders’ Expertise,” Review of Financial Studies, 33(2), 866–915.
- Jackson, Thomas, James Brickley, Clifford Smith, Charlie Hughes, Joel Tabas and Mark Zupan. (2020): “UNIVERSITY OF ROCHESTER ROUNDTABLE ON Bankruptcy vs. Bailouts: The Case of General Motors and the U.S. Auto Industry,” Journal of Applied Corporate Finance, 32(1), 58-79.
- Glode, Vincent, Opp, Christian C., and Xingtan Zhang. (2019): “On the Efficiency of Long Intermediation Chains,” Journal of Financial Intermediation, 38, 11-18. Opp, Christian C., “Venture Capital and the Macroeconomy,” Review of Financial Studies, 2019, 32(11): 4387–4446.
- Gofman, Michael. (2017): "Efficiency and stability of a financial architecture with too-interconnected-to-fail institutions." Journal of Financial Economics, 124(1), 113-146.
- Macroeconomic Policy
- Kocherlakota, Narayana, "Stabilization with Fiscal Policy," Journal of Monetary Economics. Forthcoming.
- Kocherlakota, Narayana, "The Unavoidability of Low Inflation-Low Output Traps," Review of Economics Studies. Forthcoming.
- Haddad, Valentin, Alan Moreira, and Tyler Muir. (2021): "When selling becomes viral: Disruptions in debt markets in the COVID-19 crisis and the Fed’s response," The Review of Financial Studies, 34(11), 5309-5351.
- Kocherlakota, Narayana, and Song, Yangwei. (2019): "Public Goods with Ambiguity in Large Economies," Journal of Economic Theory, 182, 218-46
- Kocherlakota, Narayana. (2019): “Practical Policy Evaluation,” Journal of Monetary Economics 102, 29-45.
- Kocherlakota, Narayana. (2019): “The Future of the Zero Lower Bound Problem,” Journal of International Money and Finance, 95, 228-231.
- Kocherlakota, Narayana. (2017) "The Decentralized Central Bank: A Review Essay on The Power and Independence of the Federal Reserve," Journal of Economic Literature, 621-636.
- Moreira, Alan, and Alexi Savov. (2017) "The macroeconomics of shadow banking." The Journal of Finance, 72(6), 2381-2432
- Labor Market policy
- Gray, Colin, Adam Leive, Elena Prager, Kelsey Pukelis, and Mary Zaki. “Employed in a SNAP? The Impact of Work Requirements on Program Participation and Labor Supply,” Forthcoming in American Economic Journal: Economic Policy.
- Eliza Forsythe, Lisa B. Kahn, Fabian Lange, David Wiczer. (2022): “Where have all the workers gone? Recalls, retirements, and reallocation in the COVID recovery,” Labour Economics, 78.
- Prager, Elena and Matt Schmitt. (2021): “Employer Consolidation and Wages: Evidence from Hospitals,” American Economic Review, 111(2): 397-427. Jeffrey Clemens, Lisa B. Kahn, and Jonathan Meer (2021): “Dropouts Need Not Apply? The Minimum Wage and Skill Upgrading,” Journal of Labor Economics, 39(1), 107-149.
- Eliza Forsythe, Lisa B. Kahn, Fabian Lange, David Wiczer (2020): Labor demand in the time of COVID-19: Evidence from vacancy postings and UI claims, Journal of Public Economics, 189.
- Hershbein, Brad, and Lisa B. Kahn. (2018): "Do Recessions Accelerate Routine-Biased Technological Change? Evidence from Vacancy Postings." American Economic Review, 108(7), 1737-72.
- Haltiwanger, John C., Henry R. Hyatt, Lisa B. Kahn, and Erika McEntarfer. (2018): "Cyclical Job Ladders by Firm Size and Firm Wage." American Economic Journal: Macroeconomics, 10 (2): 52-85.
- David Deming and Lisa B. Kahn. (2018): “Skill Requirements across Firms and Labor Markets: Evidence from Job Postings for Professionals,” Journal of Labor Economics 36(1).
- Campaign Finance
- Primo, David M., and Jeffrey D. Milyo. (2020): “Campaign Finance and American Democracy: What the Public Really Thinks and Why It Matters.” Chicago, IL: University of Chicago Press.
- Prabhat, Saumya, and David M. Primo. (2019): “Risky Business: Do Disclosure and Shareholder Approval of Corporate Political Contributions Affect Firm Performance?” Business and Politics, 21(2):205-239.
Antitrust Economics & Competition Policy Workshop
Research at Simon
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Regarded as a world leader in quantitative, economics-based education, our analytics-based curriculum prepares students to lead in the global business marketplace. Our curriculum includes a strong focus on public policy and business strategy.
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