Biden
Morale At the DOJ’s Antitrust Division Has Plummeted. Here’s How to Fix It
The Biden administration should work to reverse the declining morale since a re-energized Antitrust Division will translate into more effective, innovative enforcement...
What the Biden DOJ Can Learn From the Clinton and Obama Years on How to Tackle America’s Monopoly Problem
The Clinton DOJ attacked international cartels. The Obama DOJ prioritized merger enforcement. The Biden DOJ needs to focus on America’s monopoly problem.
What Should the Biden Administration’s Antitrust Agenda Look Like? A Roundtable
How will US antitrust policy look under President Joe Biden? We caught up with four antitrust experts—Jonathan Baker, Zephyr Teachout, William Kovacic,...
The Virus Outbreak Changed the Democratic Primaries: Sanders Is Running on Borrowed Time
Joe Biden swept Florida, Illinois, and Arizona on Tuesday, jumping ahead to 1,173 of the 1,991 delegates he needs to win the presidential nomination....
Why Elizabeth Warren Has Not Endorsed Joe Biden (Yet)
After winning in four more states, Biden can expect to have the necessary 1,991 delegates long before the July Democratic convention in Milwaukee. Elizabeth Warren...
Who Won the South Carolina Democratic Debate? The ProMarket Panel's Analysis
Is Bernie Sanders inevitable, and is Michael Bloomberg doomed? Which candidate would be best suited to avoid a recession in the US? A ProMarket...
Biden, Buttigieg, Sanders, Warren: The Real Impact of Democratic Candidates' Tax Plans
According to UC Berkeley economists Emmanuel Saez and Gabriel Zucman, all of the Democratic candidates' plans increase tax rates on the rich but to...
How to Change Section 230 and Make Digital Platforms More Accountable
If elected, former Vice President and current Democratic presidential candidate Joe Biden promised to "revoke immediately" the 1996 provision that gave tech companies like...
Who Won the Democratic Debate? The ProMarket Panel Responds
A panel of ProMarket writers and editors met to watch the third Democratic Debate. Find out what they thought about it.
LATEST NEWS
Antitrust and Competition
The Whig History of the Merger Guidelines
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
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.
Antitrust and Competition
The Future Markets Model Explains Meta/Within: A Reply to Herb Hovenkamp
In response to both Herb Hovenkamp’s February 27 article in ProMarket and, perhaps more importantly, also to Hovenkamp’s highly regarded treatise, Lawrence B. Landman, first, shows that the Future Markets Model explains the court’s decision in Meta/Within. Since Meta was not even trying to make a future product, the court correctly found that Meta would not enter the Future Market. Second, the Future Markets Model is the analytical tool which Hovenkamp says the enforcers lack when they try to protect competition to innovate.
Book Excerpts
The Chicago Boys and the Chilean Neoliberal Project
In a new book, The Chile Project: The Story of the Chicago Boys and the Downfall of Neoliberalism, Sebastian Edwards details the history of neoliberalism in Chile over the past seventy years. The Chicago Boys—a group of Chilean economists trained at the University of Chicago through the U.S. State Department’s “Chile Project”—played a central role in neoliberalism’s ascent during General Augusto Pinochet’s rule. What follows is an excerpt from the book on University of Chicago economist Milton Friedman’s 1975 visit to Chile to meet with Pinochet and business leaders.
Antitrust and Competition
Creating a Modern Antitrust Welfare Standard that Integrates Post-Chicago and Neo-Brandeisian Goals
Darren Bush, Mark Glick, and Gabriel A. Lozada argue that the Consumer Welfare Standard is inconsistent with modern welfare economics and that a modern approach to antitrust could integrate traditional Congressional goals as advocated by the Neo-Brandesians. Such an approach could be the basis for an alliance between the post-Chicago economists and the Neo-Brandesians.