US Economic Experts Panel

The Clark Center for Global Markets explores economists’ views on vital policy issues via our US and European Economic Experts Panels. We regularly poll over 80 economists on a range of timely and relevant topics. Panelists not only have the opportunity to respond to a poll’s statements, but an opportunity to comment and provide additional resources, if they wish. The Clark Center then shares the results with the public in a straightforward and concise format.

Please note that from September 2022, the language in our polls will use just two modifiers to refer to the size of an effect:

  • ‘Substantial’: when an effect is large enough that it would make a difference that matters for the behavior involved.
  • ‘Measurable’: when the direction of the effect is clear, but perhaps experts would differ as to whether it is substantial.
US

Non-Compete Clauses

Question A:

Prohibiting firms from imposing employment contract provisions that prevent workers from moving to a competitor or starting a competing business would lead to a substantial increase in wages in the affected industries.

Question B:

A ban on non-compete clauses would lead to a measurable increase in innovation.

Question C:

A ban on non-compete clauses would lead to a measurable reduction in firms’ investment in staff training.

 
US

Music Event Ticketing

Question A:

The market power of ticket-selling intermediaries leads to consumers who ultimately attend the music events paying substantially more and producers receiving substantially less than they would if the intermediary sector were more competitive.

Question B:

The present system of initial ticket selling and reselling through secondary ticket intermediaries often leads to large transfers between different groups of ticket buyers that could be partially captured by artists through higher initial ticket prices.

Question C:

Artists set prices at less than market-clearing levels in an effort to provide access for fans with modest incomes.

 
US

Twitter

This US survey examines (a) Network externalities give Twitter an incumbent advantage that will slow substantially the migration of users who would prefer alternative platforms;
(b) As of now, there needs to be more government regulation around Twitter’s content moderation and personal data protection. 
US

Hurricane Economics

This US survey examines (a) In the aftermath of Hurricane Ian, the level of Florida’s GDP in five years will be substantially lower than it otherwise would; (b) The prospect of further costly extreme weather events means that there is a substantial chance that some private property insurance markets will no longer exist in ten years in states such as Florida; (c) Without large government subsidies, mandated flood insurance requirements would substantially reduce losses from subsequent natural disasters by encouraging economic activity to migrate from the most flood-prone areas 
US

Student Loan Relief

This US survey examines (a) The administration’s loan relief plan will not have a substantial impact on inflation in either direction; (b) A longer-term impact of the administration’s loan relief plan is likely to be substantially higher tuition fees at some universities; (c) A longer-term impact of the administration’s loan relief plan is likely to be measurably higher student debt burdens in anticipation of future forgiveness 
US

Oil Price Cap

In early September 2022, the finance ministers of the G7 countries confirmed their intention to implement a price cap on purchases of Russian oil and related products. Their objective is to reduce Russia’s ability to fund its invasion of Ukraine while limiting the war’s impact on global energy prices. We invited our European and US experts to express their views on this proposal, asking both panels whether they agree or disagree with the following statements, and, if so, how strongly and with what degree of confidence: