In a new NBER working paper, Charles Hodgson and Shilong Sun show that vertical integration is usually good for consumers, except when firms have both the ability and the incentive to foreclose rivals.  They use the heavily integrated Chinese Film Industry to show that targeting enforcement to the markets where harm is predictable makes it possible to effectively regulate harmful cases and protect consumers.

In new research, Seda Basihos investigates the relationship between a decline in market competition and global democratic backsliding. She finds that market concentration leads to increasing political power for giant firms—a trend that ultimately erodes democracy levels.

ProMarket’s writers review the topics that defined our coverage in 2025.

Not sure how to cash in those bookstore gift cards? Here are ten suggestions from the Stigler Center staff. 1. Stuck: How the Privileged and...

ProMarket published 257 articles in 2024. Revisit some of our most popular pieces.

A look back at the five most-listened-to Capitalisn’t episodes from 2025.