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    • Economic History
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PROMARKET
  • Antitrust and Competition
    • Money in Politics
    • Regulatory Capture
    • Rent seeking
    • Income Inequality
  • Big Tech
  • Economic History
    • Economic History
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  • Commentary
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Reading ListWhat we are reading

As Trillions Flow Out the Door, Stimulus Oversight Faces Challenges

By ProMarket writers
May 13, 2021
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    ProMarket writers

    Popular This Week

    Commentary

    Reregulate.

    Lee Hepner, William J. McGee
    Lee Hepner and William J. McGee respond to Clifford Winston’s ProMarket piece asserting that further deregulation of the airline industry would resolve problems in the industry. Instead, the authors claim a return to regulation would produce better results for travelers.
    Read more
    Antitrust and Competition

    The Future Markets Model Explains Meta/Within: A Reply to Herb Hovenkamp

    Lawrence B. Landman
    In response to both Herb Hovenkamp’s February 27 article in ProMarket and, perhaps more importantly, also to Hovenkamp’s highly regarded treatise, Lawrence B. Landman, first, shows that the Future Markets Model explains the court’s decision in Meta/Within. Since Meta was not even trying to make a future product, the court correctly found that Meta would not enter the Future Market. Second, the Future Markets Model is the analytical tool which Hovenkamp says the enforcers lack when they try to protect competition to innovate.
    Read more
    Antitrust and Competition

    A World With Far Fewer Mergers

    Brooke Fox, Walter Frick
    Brooke Fox and Walter Frick analyze research and ideas presented at the Stigler Center Antitrust and Competition Conference that question the value of mergers.
    Read more
    Commentary

    The Banking Risks of Central Bank Digital Currencies

    Vibhu Vikramaditya
    The implementation of central bank digital currencies as the primary medium of exchange would exacerbate the flaws of our current fiat system which encourage banks to overextend credit and create liabilities that they cannot redeem. This will worsen the already recurring cycles of financial crises, writes Vibhu Vikramaditya.
    Read more

    No related posts.

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      LATEST NEWS

      Commentary

      Reregulate.

      Lee Hepner, William J. McGee
      Lee Hepner and William J. McGee respond to Clifford Winston’s ProMarket piece asserting that further deregulation of the airline industry would resolve problems in the industry. Instead, the authors claim a return to regulation would produce better results for travelers.
      Read more
      Antitrust and Competition

      A World With Far Fewer Mergers

      Brooke Fox, Walter Frick
      Brooke Fox and Walter Frick analyze research and ideas presented at the Stigler Center Antitrust and Competition Conference that question the value of mergers.
      Read more
      Commentary

      The Banking Risks of Central Bank Digital Currencies

      Vibhu Vikramaditya
      The implementation of central bank digital currencies as the primary medium of exchange would exacerbate the flaws of our current fiat system which encourage banks to overextend credit and create liabilities that they cannot redeem. This will worsen the already recurring cycles of financial crises, writes Vibhu Vikramaditya.
      Read more
      Antitrust and Competition

      The Whig History of the Merger Guidelines

      Eric A. Posner
      A pervasive "Whig" view of United States antitrust history among scholars and practitioners celebrates the Merger Guidelines' implementation of increasingly sophisticated economic methods since their...
      Read more
      Antitrust and Competition

      Algorithmic Collusion in the Housing Market

      Gabriele Bortolotti
      While the development of artificial intelligence has led to efficient business strategies, such as dynamic pricing, this new technology is vulnerable to collusion and consumer harm when companies share the same software through a central platform. Gabriele Bortolotti highlights the importance of antitrust enforcement in this domain for the second article in our series, using as a case study the RealPage class action lawsuit in the Seattle housing market.
      Read more
      Antitrust and Competition

      The Future Markets Model Explains Meta/Within: A Reply to Herb Hovenkamp

      Lawrence B. Landman
      In response to both Herb Hovenkamp’s February 27 article in ProMarket and, perhaps more importantly, also to Hovenkamp’s highly regarded treatise, Lawrence B. Landman, first, shows that the Future Markets Model explains the court’s decision in Meta/Within. Since Meta was not even trying to make a future product, the court correctly found that Meta would not enter the Future Market. Second, the Future Markets Model is the analytical tool which Hovenkamp says the enforcers lack when they try to protect competition to innovate.
      Read more
      Book Excerpts

      The Chicago Boys and the Chilean Neoliberal Project

      Sebastian Edwards
      In a new book, The Chile Project: The Story of the Chicago Boys and the Downfall of Neoliberalism, Sebastian Edwards details the history of neoliberalism in Chile over the past seventy years. The Chicago Boys—a group of Chilean economists trained at the University of Chicago through the U.S. State Department’s “Chile Project”—played a central role in neoliberalism’s ascent during General Augusto Pinochet’s rule. What follows is an excerpt from the book on University of Chicago economist Milton Friedman’s 1975 visit to Chile to meet with Pinochet and business leaders.
      Read more
      Antitrust and Competition

      Creating a Modern Antitrust Welfare Standard that Integrates Post-Chicago and Neo-Brandeisian Goals

      Darren Bush, Mark Glick, Gabriel A. Lozada
      Darren Bush, Mark Glick, and Gabriel A. Lozada argue that the Consumer Welfare Standard  is inconsistent with modern welfare economics and that a modern approach to antitrust could integrate traditional Congressional goals as advocated by the Neo-Brandesians. Such an approach could be the basis for an alliance between the post-Chicago economists and the Neo-Brandesians.
      Read more
      Democracy

      Getting Partisans To Listen to One Another Can Reduce Political Polarization

      Guglielmo Briscese, Michèle Belot
      In new research, Guglielmo Briscese and Michèle Belot find that reminding Americans of shared values can open lines of communication and help reduce political polarization.
      Read more
      Antitrust and Competition

      The State of The Debate on U.S. Antitrust and Competition

      Brooke Fox
      This year’s Stigler Center conference on antitrust and competition invited scholars to propose alternatives to the consumer welfare standard.
      Read more

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      PROMARKET

      ProMarket is dedicated to discussing how competition tends to be subverted by special interests. The posts represent the opinions of their writers, not necessarily those of the University of Chicago, the Booth School of Business, or its faculty. For more information, please visit ProMarket Policy.

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