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Antitrust and Competition

When Scholarship Turns Into Business: Stefano Feltri Responds to Paul Milgrom

Stefano Feltri
Stefano Feltri responds to Paul Milgrom’s criticisms of his recent ProMarket piece on the 2017 FCC spectrum auction. In his response, Paul Milgrom discloses some...
Antitrust and Competition

Should We Leave Public Resource Allocation to the Experts? Glen Weyl Responds to Paul Milgrom

Glen Weyl
Glen Weyl, Microsoft’s Office of the Chief Technology Officer Political Economist and Social Technologist, responds to Paul Milgrom’s criticisms of his recent ProMarket piece...
Antitrust and Competition

Was the 2017 FCC Spectrum Auction a Success—or a Disappointing Failure?

Asher Schechter
In a post published on his company’s website, Stanford professor Paul Milgrom responded to the recent ProMarket pieces by Glen Weyl and Stefano Feltri...
Commentary

How to Get Police Reform Done? Use Direct Democracy

John G. Matsusaka
Instead of just imploring their representatives to fix things, Americans can use the tools of direct democracy to take charge and promote meaningful policing...
Commentary

Break Up the Police

Luigi Zingales
In most cities in America, it is not the police that answers to the mayors, but the mayors to the police. The only solution...
Commentary

Are We Witnessing the Fall of the American Liberal Order?

Karthik Ramanna
In the past 30 years, liberalism has not lived up to its promise to deliver economic returns for the broad majority of society. But...
Antitrust and Competition

Paid to Show the Drug Works: Why “Blind” Clinical Trials for New Drugs are Far Less Blind Than They Should Be

Jessie Wrobel
New research shows that physicians in industry-sponsored trials are more captured by pharmaceutical companies than physicians in unsponsored ones. Economists love health care because it...
Antitrust and Competition

It Is Such a Small World: The Market-Design Academic Community Evolved in a Business Network

Stefano Feltri
Private equity funds such as Michael Dell's MSD Capital made hundreds of millions of dollars in profits from the 2017 FCC spectrum auction, thanks...
Antitrust and Competition

How Market Design Economists Helped Engineer a Mass Privatization of Public Resources

Glen Weyl
In 2017, the Federal Communications Commission conducted a complex two-sided auction to reallocate spectrum from broadcasters to mobile communications companies. The way economists designed...
Antitrust and Competition

Launching the New, Improved ProMarket

ProMarket writers
We are very excited to present to you our new design for ProMarket. In addition to our usual mix of articles based on academic...
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The publication of the Stigler Center at The University of Chicago Booth School of Business

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.