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Commentary

An outlet for insiders to speak freely (as they remain anonymous to the reader) on what they perceive as problematic practices in their own industry – with an emphasis on how the industry tweaks the rules of the game and captures regulation.
“People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices. It is impossible indeed to prevent such meetings, by any law which either could be executed, or would be consistent with liberty and justice.” Adam Smith – An Inquiry into the Nature and Causes of the Wealth of Nations (1776)

Antitrust and Competition

Why Aligning Antitrust Policy With Sustainability is a Moral Imperative 

Marios Iacovides
The looming ecological disaster means that it is time for competition researchers, policymakers, lawyers, and economists to devise competition policies that focus on the...
Antitrust and Competition

The World’s First Green Antitrust Provision Shows that Climate Action is the Newest Antitrust Frontier

Viktoria H.S.E. Robertson
Late last year, Austria became the first country to enact a green antitrust provision—an exemption shielding corporate agreements related to environmental sustainability initiatives from...
Antitrust and Competition

Designing Better Antitrust Remedies for the Digital World

Filippo Lancieri
Even when antitrust enforcers and courts get it right when finding an anticompetitive infringement, they constantly end up imposing remedies that are inadequate to...
Commentary

The Impact of Economic Sanctions on Russia

Yuriy Gorodnichenko
Normally, economic sanctions are largely a symbolic criticism of a country’s actions and nothing more. This time it’s different, but they will still take...
Antitrust and Competition

What Economists Mean When They Say “Consumer Welfare Standard”

Leah Samuel
Though coined by academic economists, the term “consumer welfare standard” has been captured and changed by the economic school of thought known as the...
Antitrust and Competition

Google’s Calls for DOJ Antitrust Head Jonathan Kanter’s Recusal Are Baseless

Laurence H. Tribe
Kanter’s pre-existing commitment to aggressive antitrust enforcement, far from compromising the legitimacy of his actions, reinforces his qualifications for doing the job of Assistant...
Antitrust and Competition

The Ties that Bind Workers to Firms: No-Poach Agreements, Noncompetes, and Other Ways Firms Create and Exercise Labor Market Power

Evan Starr
Collusive no-poach agreements are per se illegal, but noncompete clauses are not. Recent research casts doubt on the rationale for this legal distinction and...
Commentary

This Proposal Could Inadvertently Improve Corporate Accounting

Karthik Ramanna
A provision within the Biden administration’s Build Back Better bill that assesses a minimum tax on certain companies based on their income reported to...
Antitrust and Competition

The Sherman Act and Abuse of Dominance in the Age of Networks

Herbert Hovenkamp
In order to be more effective in networked markets, the US should adopt a version of the EU’s “abuse of dominance” standard that could...
Antitrust and Competition

Towards a More Complete Understanding of Market Power and Consumer Harm in Antitrust Law

Francisco Beneke
Antitrust law currently tends to disregard non-consumer harms and the potential influence of companies on policymaking. A new paper explores how antitrust law can...
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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.