The Role of the State

Does Private Equity Harm Competition in the Hospital Industry?

Brent Fulton discusses private equity’s investments in hospitals and assesses the risks it presents to key stakeholders: private equity investors, debt investors, patients, and the government. He argues financial transparency regulation is needed so fraudulent transfer and bankruptcy laws can be enforced to reduce uncompensated risk being borne by patients and the government (ultimately taxpayers).

Do Private Equity and Other Investors Harm Competition in the Pharmaceutical Industry?

Melissa Newham reviews how investors can alter the incentives and behavior of pharmaceutical companies to reduce competition and consumer welfare through common ownership and “rollup” deals.

The Curious Case of Private Equity in Health Care’s Market Failures

Over the last year, the United States government has demonstrated increased concern about private equity’s involvement in health care. Barak Richman and Richard Scheffler...

Antitrust Should Be a Tool for Creating Abundance

In the wake of Democrats’ losses in 2024, progressives should focus on how antitrust can support a lower cost of living and increase consumer access to essential goods and services, writes Diana Moss.

The Deafening Silence of Big Business in Washington

Wendy Li writes that business leaders must rediscover past unity and put pressure on politicians to defend against President Donald Trump’s attacks on businesses and civil society and prevent democratic backsliding.

The Historically Diverse Goals of European Competition Recommend a New Emphasis on Democracy

Marios Constantine Iacovides discusses his and Konstantinos Stylianou’s empirical investigations into how the goals of competition policy have evolved over time. They find that a multitude of goals have always been present in judicial and regulatory decisions, but the emphasis on certain goals has vacillated in response to the concerns of the time. Contemporary concerns about the health of democracy suggest a revival of ordoliberalism and protection of the competitive process.

What the Super-App Clash Between Apple and WeChat Reveals About Platform Competition

Regulators worldwide are debating how to rein in Big Tech's dominance over app distribution. Tiffany Tsai and Chuyue Tian explore how Apple’s clash with China’s WeChat complicates standard assumptions about platform competition and what it might mean for the next wave of antitrust enforcement.

The FTC Is Threatening Free Speech

Aaron Edlin and Carl Shapiro respond to Federal Trade Commission Chair Andrew Ferguson’s keynote speech at the 2025 Stigler Center antitrust and competition conference, in which he lays out his approach to regulating the content moderation policies of the major social media platforms. They explain why Ferguson’s approach threatens the exercise of free speech, is inconsistent with antitrust law, and politicizes the agency.

Transcript: Fireside Chat With Roger Alford and Doha Mekki

The following is a transcript of Principal Deputy Assistant Attorney General Roger Alford and former Principle Deputy Assistant Attorney Doha Mekki in conversation with Bloomberg reporter Josh Sisco.

Google Ad Tech Delivered an Important Victory for the Government Using a Flawed Tying Rule

Herbert Hovenkamp writes that the court presiding over the Google Ad Tech case gave the government an important win. However, by relying on the per se tying rule instead of rule of reason, the court perpetuated a flawed court precedent that can preclude serious market analysis for competitive harms.

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