Growing economic inequality and wage stagnation have raised serious social justice concerns, igniting a broad debate on their causes and possible solutions. Antitrust scholars have discussed a number of approaches, including Professors Herbert Hovenkamp and Ioana Marinescu’s recommendation of...

We develop a macroeconomic framework in which firms are large and have market power with respect to both products and labor. Each firm maximizes a share-weighted average of shareholder utilities, which makes the equilibrium independent of price normalization. In a one-sector economy, if returns...

We examine the role of political ideology in portfolio formation by studying a unique set of investors whose ideology can be precisely captured by a well-defined, continuous measure and whose personal asset allocation decisions are mandatorily disclosed - namely, the members of the U.S....