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Hubert Horan

Over his long career, Hubert Horan has worked on many of the most critical issues in the field of transportation economics, including the impact of regulation and mergers on industry efficiency, and the impacts of consolidation and other industry structural changes on consumer welfare. Mr. Horan graduated from Wesleyan University in 1976 with a B.A. degree and Honors in Economics. In 1980 he graduated from Yale University’s School of Management with an MPPM (MBA) degree. He is currently based in Phoenix, Arizona.
Antitrust and Competition

How Airline Alliances Convinced Regulators That Collusion Reduces Prices

The Department of Transportation granted antitrust immunity to Atlantic alliances that reduced competition on the basis of a single paper written by...
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Antitrust and Competition

How Alliances Carriers Established a Permanent Cartel

American carriers faced the post 9/11 demand shock, while the European intercontinental flag carriers were facing increased competition in the Middle East...
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Antitrust and Competition

The Airline Industry’s Post-2004 Consolidation Reversed 30 Years of Successful Pro-Consumer Policies

A small number of intercontinental carriers recaptured control of industry oversight in Washington and Brussels to convert the world’s most important markets...
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Uncategorized

Why Consolidation Undermined the Airline Industry’s Ability to Recover from the Coronavirus Crisis

A major factor contributing to the industry’s struggles during the current crisis was the loss of resiliency due to the consolidation...
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Academic Capture

Uber’s “Academic Research” Program: How to Use Famous Economists to Spread Corporate Narratives

Uber's employees co-authored academic papers with brand name scholars that were then used to back the company's PR and lobbying strategy. Published in respected...
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Antitrust and Competition

False Claims and Propaganda: Why Uber’s Narratives Are Wrong But Successful

Uber’s narratives reduce everything to emotive battles between good and evil. If Uber’s success is inevitable, and resistance is futile, no one needs to waste...
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Academic Capture

The Uber Bubble: Why Is a Company That Lost $20 Billion Claimed to Be Successful?

In the first of three interrelated articles, transportation consultant Hubert Horan discusses Uber's "uncompetitive economics." There is no real innovation in the company's business...
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Latest news

Antitrust and Competition

AI For the Antitrust Regulator

Cary Coglianese
Cary Coglianese lays out the potential, and the considerations, for antitrust regulators to use machine learning and artificial intelligence algorithms.
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Antitrust and Competition

Creation over Time in Copyright and Patent

Randy Picker
On May 18, the United States Supreme Court decided two intellectual property cases with two seemingly different results. A closer look, however, reveals a complimentary concern with the monopolistic power of first movers and how the legal system should enable innovation from second movers over time, writes Randy Picker.
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Event Notes

ESG Standards’ Good, Bad and Ugly

ProMarket writers
The Stigler Center for the Study of the Economy and the State hosted a virtual event discussing the standards, metrics and disclosures of investments focused on Environmental, Social and Governance (ESG) goals. The following is a transcript of the event.
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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.
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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.
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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.
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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...
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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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