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Antitrust and Competition

Reclaiming The Antitrust Law Of Potential Competition Mergers

Herbert Hovenkamp
In order to discuss the Meta/Within merger decision, it is important to understand the legal underpinnings and history of competition merger cases. Most mergers that...
Geoeconomics & Conflict

What Has the World Learned from a Year of War in Ukraine?

Walter Frick
One year later, what has the world learned about conflict from the war in Ukraine? In an interview with ProMarket's Walter Frick, Chris Blattman...
Antitrust and Competition

Why “The Jury’s Out” on the Government’s Case Against Google’s Ad Tech Monopoly

Harry First
Last month, the U.S. Department of Justice and eight states sued Google, claiming it runs its digital ad business to unfairly advantage its own...
Antitrust and Competition

An Excessive Evidentiary Burden Sunk the FTC’s Case Against the Meta/Within Merger

Steven Salop
In early February, a district court judge rejected the FTC’s preliminary injunction suit to block Meta’s purchase of Within, a developer of a virtual...
Antitrust and Competition

How the AT&T Case Can Inform Big Tech Breakups

Monika Schnitzer
Breaking up companies that antitrust regulators consider too dominant can be costly and might negatively impact innovation and consumer welfare. As economists and policymakers...
Antitrust and Competition

A New Merger Tool Protects Consumers from Limits of the Cournot Effect

Alessandro S. Kadner-Graziano
The widely accepted Cournot effect assumes that the merger of complementary firms benefits downstream firms and consumers (in addition to the merged firms themselves)...
Antitrust and Competition

User Hesitancy Increases Online Platforms’ Incumbency Advantage

Jacques Crémer
“Incumbency advantage” among Big Tech platforms recognizes that network effects prevent users from leaving established platforms for emerging competitors. Gary Biglaiser, Jacques Crémer, and...
Commentary

What Are The Media For?

Surya Gowda
In response to ProMarket's debate about the Twitter Files and the roles of social media and traditional media, Surya Gowda argues that a more...
Democracy

Climate Change Is Shifting Voter Behavior in Low-Income Countries

Amrit Amirapu
Farmers in low-income countries have multiple channels through which they respond to climate change. Some switch to growing more heat-resilient crops or crops that...
ESG, Corporate Governance & Future of the Firm

Investing in Influence: Investors, Portfolio Firms, and Political Giving

Marianne Bertrand
A new paper examines the relationship between the rising concentration in institutional investors' ownership of publicly traded U.S. firms and portfolio companies' political giving....
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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.