Faculty News

Professor Thomas Philippon and PhD student Germán Gutiérrez's joint research on the impact of competition on corporate investment in the US is spotlighted

Excerpt from The Economist -- "Declining competition does more than harm some consumers; it makes firms lazy. The authors calculate that if leading firms had maintained their share of overall investment since 2000, the American economy would have 4% more capital today, an amount roughly equivalent to two years’ investment by non-financial companies."

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