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Antitrust and Competition

The European Commission Can and Must Act on Excessive Pricing

Aline Blankertz
The European Commission has struggled to tackle excessive prices in Europe, despite evidence of how they arise in relation to market power. Aline Blankertz, Todd Davies, Justine Haekens, and Nicholas Shaxson argue that adopting accounting and financial analysis as part of its toolkit can enable the Commission to understand and act when firms are exploiting their market power.
Antitrust and Competition

There Is Only Democratic Antitrust

Reed Showalter
Reed Showalter argues that the suggestion that antitrust can be ringfenced from democracy or the democratic process is erroneous. Antitrust is fundamentally a body...
Antitrust and Competition

How can Economic Regulation Be Made More Democratic?

Yunsieg Kim
Yunsieg P. Kim argues that economic regulation, including antitrust, can only be democratic if it is the choice of well-informed citizens. This article is part...
Antitrust and Competition

Economic Concentration and Its Dual Threats to Democracy

Erik Peinert
Erik Peinert explores the paradoxical relationship between economic concentration and democracy, where economic concentration compromises the democratic process and democratic backsliding also gains momentum by taking advantage of concentrated market actors, whose political power is now impotent, to capture civil society.
Antitrust and Competition

Plumbers, Populists, and the Role of Public Opinion in Antitrust

Sean Sullivan
Sean Sullivan discusses the role public opinion should play in setting antitrust policy and what should be left to the expert economists.
Capture

Germany’s CumEx and CumCum Financial Scandals Reveal How Democratic Institutions Fail

Gerhard Schick
Gerhard Schick discusses the CumEx and CumCum share-trading scandals that cost German taxpayers billions of euros over the course of several decades and the failures in political and social institutions that allowed these scandals to persist for so long.
Capture

How To Stop the Scourge of Corporate Pardons

Rohit Chopra
Former Federal Trade Commissioner and Consumer Financial Protection Bureau Director Rohit Chopra writes that as the federal government circumvents the rule of law by pardoning corporate infractions and crimes in exchange for political favors, individual states, citizens, and businesses will need to pursue private actions against corporate wrongdoing.
Antitrust and Competition

The EU Must Revise Its Merger Guidelines To Strengthen Innovation, Security, and Democracy

Max von Thun
Max von Thun and Claire Lavin argue that the European Commission must revise its merger guidelines to emphasize how competition policy can protect goals beyond prices, including innovation, security, and democracy. This will create a more prosperous European Union.
Book Reviews

How Income Inequality Today Differs From the Past

Surya Gowda
Surya Gowda reviews Branko Milanović’s Visions of Inequality: From the French Revolution to the End of the Cold War and how his analysis of class and inequality applies to contemporary America.
Labor

Accounting for City Size, Minimum Wages Reduce Jobs Almost Everywhere

Priyaranjan Jha
In new research, Priyaranjan Jha, Jyotsana Kala, David Neumark, and Antonio Rodriguez-Lopez find that studies arguing higher minimum wages have no employment effect—or even a positive effect—in many labor markets fail to account for how much less minimum wages matter in larger, higher-wage cities.
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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.