The Role of the State

“We Are Arrogant – We hold On to Our Old Beliefs on the Gains of Trade”: ProMarket Interviews Bernard Yeung, Part 3

The third and final part of ProMarket's interview with Bernard Yeung, Dean of the National University of Singapore’s business school and one of the...

“In a System with Dominance, There is Built-In Resistance to Change”: ProMarket Interviews Bernard Yeung, Part 2

In the second part of his interview with ProMarket, Bernard Yeung—one of the economists who laid the foundations of scientific research on economic power...

How Pro-Competition Rules Can Benefit Consumers: A Look at the Wireless Industry

A new Stigler Center working paper examines the political factors that shape competition in the wireless sector around the world and finds that pro-competition rules...

“When There Isn't Enough Churning of Big Corporations, the Economy Stagnates”: Q&A with Bernard Yeung

Bernard Yeung, one of the predominantly non-U.S.-born economists who laid the foundations of scientific research on economic power concentration, offers insights relevant to the...

Monopsony Takes Center Stage

Bringing the powerful weapons the federal competition authorities have to bear on the problem of monopsony would be a substantial, but necessary departure from recent...

Do Mergers Benefit or Harm the Economy? Q&A with Bruce Blonigen

A new paper finds that mergers allow firms to raise prices, but finds no evidence that they improve productivity or efficiency. Do large mergers benefit or harm consumers? Over...

The Anti-Competitive Effects of Common Ownership: Q&A with Martin Schmalz

Martin Schmalz, assistant professor of business administration and finance at the University of Michigan, speaks about the anti-competitive effects of common ownership, a situation in...

When Did Americans Stop Being Antimonopoly? Q&A with Richard R. John

Columbia professor Richard R. John explains the history of U.S. monopolies and why antimonopoly should not be conflated with antitrust. For more than two centuries,...

Who Is Responsible for a Declining Labor Share of Output? Michael Porter

Most researchers assume that the share of total output lost by labor went to the owners of capital. However, a new working paper shows that...

How Will Antitrust Policy Look Under President Trump? Q&A with The Capitol Forum’s Teddy Downey

Will President Trump go after Silicon Valley, or block the AT&T-Time Warner merger? Teddy Downey, CEO and executive editor of The Capitol Forum, explains how...

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