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Antitrust and Competition

The Roots of Congress’ Pathbreaking Report on Big Tech

Shaoul Sussman
While the House Judiciary report is chock-full of impressive “gotcha” moments concerning anticompetitive conduct by tech platforms, the real bombshell is the...
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Antitrust and Competition

Structural Separation and Self-Preferencing: What are the Right Lessons of History?

Randy Picker
IBM’s entry into the PC market can teach us a lot about the risks involved with the sort of structural separations recommended...
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Friedman 50 Years Later

Can Institutional Investors Solve Societal Issues When Governments Fail to Do So?

Eyub Yegen
A new study looks into the social costs associated with private prisons to show that privatization may come with social trade-offs when...
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Media

Is Twitter’s Policy Silencing Public Debate or Preventing Disinformation? Or Both?

ProMarket writers
Last October, Twitter banned political ads from its platform in an attempt to prevent disinformation campaigns and electoral interference. There was one...
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Friedman 50 Years Later

Bringing Ethics Back to Friedman’s Call to Purpose for the Next 50 Years

J.S. Nelson
Fifty years ago, Friedman compellingly presented his argument for shareholder primacy. But as currently implemented, shareholder primacy threatens the unifying purposes that...
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Antitrust and Competition

Why Congress Must Take on Big Tech Monopolies

Zephyr Teachout
Congress must overturn bad Supreme Court precedent and reassert Congressional supremacy over the Supreme Court in antitrust policy. It should legislate break-ups and...
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Friedman 50 Years Later

Milton Friedman and the Need for Justice

Anat Admati
Milton Friedman predicated his shareholder value maximization credo on the strong implicit and explicit assumptions that the rules of society protect stakeholders...
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Friedman 50 Years Later

There Is a Direct Line from Milton Friedman to Donald Trump’s Assault on Democracy

Martin Wolf
Milton Friedman believed that corporations have a social responsibility to play within the rules of the game. But corporations aren’t just players...
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Antitrust and Competition

What the US Economy Could Look Like if Digital Markets Were Open and Competitive

Sally Hubbard
The US House of Representatives' investigation into digital platforms has opened Americans' eyes to the widespread harms that flow from the illegal...
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Coronavirus

Bethany McLean’s Weekend Reading List: Inequality, Remote Learning and the First Female Recession

Bethany McLean
Corruption, lobbying, corporate malfeasance, and frauds: a weekly unconventional selection of must-read articles by investigative journalist Bethany McLean.
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Antitrust and Competition

New Study Warns Antitrust Inaction May Lead To Acceptable Collusion for Public Policy Considerations

Or Brook
The modernization of EU antitrust laws muddied the water with regard to the ways that antitrust authorities and courts should handle situations...
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Antitrust and Competition

Dark Money Dominates Spending by Special Interest Groups and Sways Elections

Matthew Denes, Madeline Marco Scanlon, Florian Schulz
New research on undisclosed and unlimited political contributions, or dark money, exposes the increasing role that such funds play in U.S. elections.
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Antitrust and Competition

The “Conspiracy” of Consumer Welfare Theory

Darren Bush, Mark Glick
Matt Stoller argues there was a conspiracy. It was more of an association with a singular purpose.
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Antitrust and Competition

Researchers Find Reduced Competition After Pandemic

Brooke Fox
The chart of the week comes from a new research paper that documents the increase in small business closures during the Covid...
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News

Voters Still Believe Politics is About the Common Good, Not Just Rent-Seeking

Chad Kendall, John G. Matsusaka
Do voters still believe that politics can be a source for common-good policies and not just partisan bickering and rent-seeking? With political...
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Antitrust and Competition

How to Design Data Protection Laws That Actually Work 

Filippo Lancieri
More and more countries are passing data protection laws, yet empirical studies show that these laws rarely deliver on their promises. A...
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Antitrust and Competition

Are Monopolists or Cartels the True Source of Anticompetitive US Political Power?

Herbert Hovenkamp
Trade associations are often the biggest obstacles to competitive markets, especially when those organizations use their influence to change public policy in...
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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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