antitrust and competition
How the Rise of Labor Market Power Helps Explain the Fall of US Manufacturing Employment
A new working paper explores the increase in labor market power in the US and what’s driving it. It shows manufacturing workers were paid...
How Apple Locks Out the Competition with Its Digital Key
Apple’s efforts to dominate the contactless payments market and lock up the “digital key” space pose a profound threat to consumer privacy and the...
The Dawn of Antitrust and the Egalitarian Roots of the Sherman Act
While it isn’t particularly controversial that concentrated economic power was a legislative target of the Sherman Act, when read as a corollary or even...
The Ties that Bind Workers to Firms: No-Poach Agreements, Noncompetes, and Other Ways Firms Create and Exercise Labor Market Power
Collusive no-poach agreements are per se illegal, but noncompete clauses are not. Recent research casts doubt on the rationale for this legal distinction and...
Big Tech, the FTC, and Ordoliberals: ProMarket’s Top Stories of 2021
As 2021 draws to a close, we look back at ProMarket’s most-read and most-widely shared stories of the past year.
In a year marked by a...
The Best Political Economy Books of 2021
A scholarly examination of market’s power toll on American workers, the collected works of a pioneering economic thinker, an ambitious narrative of US economic...
The Sherman Act and Abuse of Dominance in the Age of Networks
In order to be more effective in networked markets, the US should adopt a version of the EU’s “abuse of dominance” standard that could...
Towards a More Complete Understanding of Market Power and Consumer Harm in Antitrust Law
Antitrust law currently tends to disregard non-consumer harms and the potential influence of companies on policymaking. A new paper explores how antitrust law can...
Populism at the FTC Upsets the Antitrust Religion of Consumer Welfare: A Reply to Sokol and Wickelgren
Institutional change, on any fundamental level, will have those that seek to defend the status quo up in arms. But in order to effectively...
Populism at the FTC Undermines Antitrust Enforcement
The FTC plays an essential role in curbing illegal mergers and monopolies and increasing its enforcement is welcome. But to do so effectively, the...
