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Google Search’s Exclusivity Payments Must Be Capped

Judge Amit Mehta will shortly provide his remedy to Google’s monopoly in internet search. Fiona Scott Morton and Paul Heidhues argue that the remedy must include a cap on Google’s payments to the mobile phone manufacturers, carriers, and web browsers that propelled its monopoly. Because any outright ban risks harming Google’s current partners in the short term, Judge Mehta should consider pursuing a flexible ban that instead limits the revenue these partners can receive from Google in order to encourage market entry and competition.

Announcing the 2025 Stigler Center Affiliate Fellows

The second Affiliate Fellows cohort at the Stigler Center at Chicago Booth is a multidisciplinary group of economists, business scholars, lawyers, and political scientists.

How Toxic Content Drives User Engagement on Social Media

Most users on social media have encountered toxic content: rude, disrespectful, or hostile posts or comments. A study using a browser extension estimates the effect of toxic content on user engagement and welfare.

European Labor Antitrust Has Reached a Defining Moment. How Far Will It Go?

Jan Broulík writes that the interest and willingness of European competition authorities and courts to intervene in markets to protect labor has made critical strides over the last few months. However, it still has a ways to go to even catch up with its American counterpart.

Returning Antitrust to the People

Stigler Center Assistant Director Matt Lucky reflects on the comments from his panel on competition advocacy at the 2025 Stigler Center Antitrust and Competition Conference. He weighs the meaning and possibility for a democratically legitimate antitrust and competition policy.

Markets Have Always Needed the State

The following is an excerpt from Chris Hughes’ new book, “Marketcrafters: the 100-Year Struggle to Shape the American Economy,” now out at Simon & Schuster. You can listen to Hughes discuss his book with Bethany McLean and Luigi Zingales on a new Capitalisn't episode here.

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