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 featured

Excerpt from The Washington Post -- "In a paper published this week by the National Bureau of Economic Research, they argue that increasing concentration of economic power in the hands of relatively few behemoth corporations -- in some cases to the point where companies enjoy a near monopoly -- could explain the pattern: The big firms, unconcerned about their competitors, simply have no need to invest in staying ahead. 'It explains a big chunk of why investment is low in the U.S. today,' Philippon said."

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