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Antitrust and Competition

How Antitrust Can Better Regulate Thin Labor Markets

Hiba Hafiz
Thin markets, characterized by a small number of participants and low transaction volumes, create particular problems for antitrust enforcers. Hiba Hafiz explores...
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News

Chart of the Week: Both Democrat- and Republican-Nominated Supreme Court Justices Increasingly Ruled Against Antitrust Enforcement

Brooke Fox
With the upcoming vote to confirm new Supreme Court Justice nominee Ketanji Brown Jackson, this week’s chart highlights a new dataset compiled...
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Antitrust and Competition

How Practical Are Biden’s Proposals to Promote Labor Market Competition?

James Traina, Jordan Rosenthal-Kay
A new report from the Biden administration lays out ways to increase competition in US labor markets. Will they work?
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Antitrust and Competition

The Economic Costs of Common Ownership

Florian Ederer, Bruno Pellegrino
A new empirical study attempts to estimate the economy-wide welfare costs of common ownership. The authors find that they are large and...
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Antitrust and Competition

Stigler Conversation: How the Chinese Government Thinks About Big Tech

ProMarket writers
A Stigler Center discussion between Ling Chen (Johns Hopkins) and Matt Sheehan (Carnegie Endowment for International Peace), moderated by Wall Street Journal...
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Antitrust and Climate Change

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...
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Antitrust and Competition

How to Prevent Big Tech From Hindering Pathbreaking Innovation in the Metaverse

Cristian Santesteban
The transition to the metaverse presents a technological paradigm shift akin to the shift from desktop computers to smartphones, but today’s dominant...
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Corporate Governance

How the US Partisan Divide Shapes Global Capital Flows

Elisabeth Kempf
A new empirical paper explores how partisan perception affects capital allocation beyond national borders, showing that the global investment practices of US...
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Antitrust and Competition

The Consumer Welfare Standard and Antitrust Enforcement: a Response

Alden Abbott
Alden Abbott, former general counsel of the FTC, argues that, contrary to claims made in a recent ProMarket article, American competition is vibrant...
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Antitrust and Competition

The Rise, Survival, and Potential Fall of the Reagan-Era Antitrust Consensus

Brian Cheffins
With major antitrust reform in the air, Brian Cheffins explores how and why a now highly controversial antitrust consensus that emerged under...
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News

Fear of Punishment Distorts Bank Financial Reporting

Hamid Mehran
When bank employees are afraid of punishment from regulators, they are likely to conceal information about their faulty decisions. This in turn...
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Antitrust and Competition

Should The Competitive Process Test Replace The Consumer Welfare Standard?

Einer Elhauge
Jonathan Kanter, Assistant Attorney General for the Department of Justice Antitrust Division, recently gave a speech condemning the use of the consumer...
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News

Delaware: The State Where Companies Can Vote

Hal Weitzman
Adapted from What’s the Matter with Delaware: How the First State Has Favored the Rich, Powerful, and Criminal—and How It Costs Us...
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Antitrust and Competition

The NCAA Goes After College Athletes’ NIL Money—Here are the Antitrust Implications for Workers and Consumers

Ted Tatos
Having lost in the Supreme Court on student-athlete academic benefits, the NCAA has signaled a continuing attempt to suppress competition in the...
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Corporate Governance

Have Business Roundtable Companies Lived Up to Their Stakeholder Commitments?  

Lucian Bebchuk, Roberto Tallarita
In 2019, more than 100 CEOs of US public companies signed a Business Roundtable statement in which they pledged to deliver value...
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Inequality

Do Protests Matter At All for Shifting Government Policy Around Economic Redistribution?

Belinda Archibong
New research on the effectiveness of protests on government distributions provides insights into the political incentives of a country’s leadership and the...
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Antitrust and Competition

Mergers and Smoking Guns

Erik Peinert
A recently uncovered memo from George Stigler and Richard Posner reveals how they thought about antitrust and merger policy in advising the...
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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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