About Us

We are now hiring for an Assistant or Associate Professor of Economics with specializations in Industrial Organization, Public Economics, or Labor Economics. Please click here for details.

The Institute for the Study of Free Enterprise is dedicated to understanding the role that markets play in the economy and in society. The Institute’s mission is to generate intellectually rigorous research and an open dialogue to discover and understand how free enterprise affects peoples’ lives and the well-being of society.

Annual Report

ISFE 2019-2020 Annual Report

Our Next Event

Gary Hoover - Does a Rising Tide Lift All Boats? Racial and Distributional Aspects of Economic Freedom
Co-Sponsored by: The Lewis Honors College and African American & Africana Studies

November 12, 2020
6:00pm to 7:30pm

Webinar

Current Research

Racial and Ethnic Disparities in COVID-19: Evidence from Six Large Cities

Joseph Benitez, Charles Courtemanche, Aaron Yelowitz


Did Social-Distancing Measures in Kentucky Help to Flatten the COVID-19 Curve?

Charles Courtemanche, Joseph Garuccio, Ann Le, Joshua Pinkston, Aaron Yelowitz

Click here for the press release


Chain Restaurant Calorie Posting Laws, Obesity, and Consumer Welfare

Charles Courtemanche, David Frisvold, David Jimenez-Gomez, Mariétou H. Ouayogodé, Michael Price


The Effects of E-Cigarette Taxes on E-Cigarette Prices and Tobacco Product Sales: Evidence from Retail Panel Data

Charles Courtemanche, Chad Cotti, Joanna Catherine Maclean, Erik Nesson, Michael Pesko, Nathan Tefft

Click here for the press release


In the News

The study conducted by our director, Charles Courtemanche, and affiliate, Aaron Yelowitz, regarding strong social distancing measures, was cited in this PolitiFact article.


Hats off to our director, Charles Courtemanche! His paper about exercise and obesity was recently accepted for publication in the Economics and Human Biology journal. 

The paper was previously released as the Institute's working paper #26, you can read it here.


On September 25th VACE co-sponsored with SOPS a one-minute pitch competition. Each participant had one minute to pitch their research to the audience and the winners of the pitch competition were selected by audience vote.

Below are three of the winners that are being sponsored by VACE/ISFE. These awards are $200 each. These funds are being provided by ISFE. Two of the awardees are UK students and the other one is a Harvard student.

Nataliya Timoshevskaya
Ãngela Crespo
Taylor Elsey


Aaron Yelowitz, an ISFE Affiliate, had his previous study mentioned by Isheka N. Harrison in The Moguldom Nation.


Aaron Yelowitz, an ISFE affiliate has his work mentioned by Bill McCarthy in PolitiFact.


Most Recent Video

Coronavirus Economics #7: New study shows government restrictions are stopping COVID-19.

Dr. Charles Courtemanche explains his latest study published in the Health Affairs journal about the effect of stay-at-home orders, business closures and other government measures in the spread of COVID-19.