The Information Economy

Media

Effective media scrutiny can help mitigate many of the problems that lead to regulatory capture, by helping the polity to become informed and mobilized. But what are the conditions that create effective media scrutiny? And why do we observe so little of it in reality? “Publicity is justly commended as a remedy for social and industrial diseases. Sunlight is said to be the best of disinfectants; electric light the most efficient policeman.” Justice Louis D. Brandeis

Misinformation

Antitrust and Competition

How Big Media Handed Digital Advertising to Big Tech

Oles Andriychuk

The current structure of digital advertising markets makes the Google-Facebook duopoly an unavoidable trading partner for every party in the content consumption...

Media

Announcing the Participants in the Spring 2022 Stigler Center Journalists in Residence Program

ProMarket writers

Next month, the Stigler Center will welcome eight world-class journalists from Nigeria, Brazil, Chile, Italy, India, Canada, and the United States for...

Antitrust and Competition

The Best Political Economy Books of 2021

Asher Schechter

A scholarly examination of market’s power toll on American workers, the collected works of a pioneering economic thinker, an ambitious narrative of...

Media

The Present and Future of Journalism: How the News Media Lost Its Purpose

Martin Gurri

At a time of information overabundance, journalism has lost its purpose. Newspapers, traditionally the keepers of journalistic flame, are going away. What...

Antitrust and Competition

Announcing the Participants in the Fall 2021 Stigler Center Journalists in Residence Program

ProMarket writers

This month, the Stigler Center will welcome eight world-class journalists from the United Kingdom, Brazil, China, Romania, Ukraine, Slovenia, and the United...

Antitrust and Competition

“This Isn’t the Kind of Journalism That Serves Democracy Best”: How Place and Privilege Came to Define American News

Asher Schechter

In an interview with ProMarket, University of Illinois at Urbana-Champaign professor Nikki Usher discusses how news in the US came to be...

Media

ProMarket Reader Survey: We Want Your Feedback

ProMarket writers

As ProMarket enters its sixth year of operation, we would like to understand what you, our readers, like about it and what...

Antitrust and Competition

Why Are Google and Facebook Now Okay with Australia’s News Media Bargaining Code?

Derek Wilding

A week of commercial deals and government negotiations has resulted in a series of amendments to the legislation aimed at making Google...

Media

How Should We Finance Higher Education If Not Through Student Debt? A New Capitalisn’t Episode

Bethany McLean

In a new episode of Capitalisn’t, Luigi Zingales and Bethany McLean take a look at the student debt crisis: How did we...

Antitrust and Competition

The Best Political Economy Books of 2020

Asher Schechter

A travelogue of monopoly, the dangers of elite impunity, and the relevance of John Maynard Keynes: here are (in no particular order)...

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Latest news

Antitrust and Competition

Creation over Time in Copyright and Patent

Randy Picker

On May 18, the United States Supreme Court decided two intellectual property cases with two seemingly different results. A closer look, however, reveals a complimentary concern with the monopolistic power of first movers and how the legal system should enable innovation from second movers over time, writes Randy Picker.

Event Notes

ESG Standards’ Good, Bad and Ugly

ProMarket writers

The Stigler Center for the Study of the Economy and the State hosted a virtual event discussing the standards, metrics and disclosures of investments focused on Environmental, Social and Governance (ESG) goals. The following is a transcript of the event.

Commentary

Reregulate.

Lee Hepner, William J. McGee

Lee Hepner and William J. McGee respond to Clifford Winston’s ProMarket piece asserting that further deregulation of the airline industry would resolve problems in the industry. Instead, the authors claim a return to regulation would produce better results for travelers.

Antitrust and Competition

A World With Far Fewer Mergers

Brooke Fox, Walter Frick

Brooke Fox and Walter Frick analyze research and ideas presented at the Stigler Center Antitrust and Competition Conference that question the value of mergers.

Commentary

The Banking Risks of Central Bank Digital Currencies

Vibhu Vikramaditya

The implementation of central bank digital currencies as the primary medium of exchange would exacerbate the flaws of our current fiat system which encourage banks to overextend credit and create liabilities that they cannot redeem. This will worsen the already recurring cycles of financial crises, writes Vibhu Vikramaditya.

Antitrust and Competition

The Whig History of the Merger Guidelines

Eric A. Posner

A pervasive "Whig" view of United States antitrust history among scholars and practitioners celebrates the Merger Guidelines' implementation of increasingly sophisticated economic methods since their...

Antitrust and Competition

Algorithmic Collusion in the Housing Market

Gabriele Bortolotti

While the development of artificial intelligence has led to efficient business strategies, such as dynamic pricing, this new technology is vulnerable to collusion and consumer harm when companies share the same software through a central platform. Gabriele Bortolotti highlights the importance of antitrust enforcement in this domain for the second article in our series, using as a case study the RealPage class action lawsuit in the Seattle housing market.

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The Information Economy

Media

Misinformation

Latest news

Creation over Time in Copyright and Patent

ESG Standards’ Good, Bad and Ugly

Reregulate.

A World With Far Fewer Mergers

The Banking Risks of Central Bank Digital Currencies

The Whig History of the Merger Guidelines

Algorithmic Collusion in the Housing Market

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