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competition policy

The Corruption of Consumer Welfare

Herbert Hovenkamp
The consumer welfare standard is used in modern antitrust enforcement to evaluate a merger between two firms. However, its original definition was corrupted in...

Global vs. Local: What Drives Changes in Labor’s Share of Income

Amit Zac
A new working paper examines the relationship between competition policy and the decline in the labor share across the developed world and finds that...

Is There a Problem with Competition?

ProMarket writers
A Stigler Center webinar explores instances where competition turns toxic, whether antitrust policy needs reform, and potential paths forward. Is there such a thing as...

Paul Tucker on Unelected Power: A Technocrat against Technocracy

Luigi Zingales
In a recent review of Paul Tucker’s new book Unelected Power (extracted here for ProMarket), Diane Coyle of the University of Manchester and the...

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The publication of the Stigler Center at The University of Chicago Booth School of Business

ProMarket is dedicated to discussing how competition tends to be subverted by special interests. The posts represent the opinions of their writers, not necessarily those of the University of Chicago, the Booth School of Business, or its faculty. For more information, please visit ProMarket Policy.