About Us

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.

Our Next Event

Wildly Possible Virtual Startup Contest

July 20, 2020


Current Research

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

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

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 summary


The Allocation and Exchange of Property Rights as a Way to Understand Comparative Economics Systems and Managerial Economics

John Garen

Economic systems are described by the manner that property rights are allocated to individuals, to the government, or to interests groups. Property rights entail control of use of assets, claim on the net income from an asset, and transferability of the previous two.

In the News

The study that was published in Health Affairs by Charles Courtemanche and Aaron Yelowitz on social distancing and how lockdowns worked during COVID-19, is covered by German Lopez of Vox.

The Owensboro Times did a write up that featured the study by Aaron Yelowtiz and Charles Courtemanche on the importance of social distancing during the Coronavirus pandemic. 

Jihan Myers of MSN writes about public places doctors avoid during Coronavirus. This article includes the research done by Director Chuck Courtemanche and professor Aaron Yelowitz that was originally published by Health Affairs.

ISFE's Director Charles Courtemanche and Professor Aaron Yelowitz were featured on the Gatton College of Business and Economics most recent edition of the Dean's series, "Simon Says". Their research on COVID-19 and social distancing were discussed.

National Review picked up Charles Courtemanche and Aaron Yelowitz' research on social distancing when discussing if the lockdowns worked.

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.