Concentration
Study: Politically-Connected Firms More Likely to Receive Favorable Merger Reviews from Antitrust Regulators
A new study finds that firms connected to members of the House and Senate judiciary committees are more likely to receive favorable merger reviews.
The...
Raghuram Rajan: Populist Nationalism Is “the First Step Toward Crony Capitalism”
The former governor of the Reserve Bank of India discussed the “concentrated and devastating” impact that technology and trade had on blue-collar communities, the anger...
The Rise of Market Power and the Decline of Labor’s Share
A new paper argues that the decline of the labor and capital shares, as well as the decline in low-skilled wages and other economic trends, have been...
Big Four Audit Firms Enjoy a “Too Few to Fail” Regulatory Hall Pass
The failure of Enron and subsequent demise of Arthur Andersen led to significant changes for public reporting and auditing but not much change in...
How Market Power Leads to Corporate Political Influence
Neoclassical economic theory assumes that firms have no power to influence the rules of the game. A new paper by Luigi Zingales argues: This is...
“Google Is as Close to a Natural Monopoly as the Bell System Was in 1956"
Media scholar Jonathan Taplin, author of the new book Move Fast and Break Things, on the rent-seeking and regulatory capture of digital platforms.
In 2014,...
Is There a Connection Between Market Concentration and the Rise in Inequality?
A Stigler Center panel debates: Is rising inequality connected to monopolies, rent-seeking, and concentration?
The rise in wealth and income inequality has been at the forefront of...
Is There a Case to be Made for Political Antitrust?
After decades of approaching antitrust through purely economic analyses, are economists once again willing to take into account political considerations as well?
Should political considerations...
"There Is a Clear Perception That the European Commission Is More Active In Antitrust Than the U.S. Agencies"
In this installment of ProMarket's interview series on concentration in America, Tommaso Valletti, the European Commission’s Chief Competition Economist, shares some thoughts on economic concentration...
“Growing Evidence That Some U.S. Regulators May Value the Profits of the Incumbents They Regulate Over Consumer Welfare”
In this installment of ProMarket's new interview series, we ask Fiona M. Scott Morton of Yale University about the effects of concentration in America and...
