Consumer welfare standard

How the Consumer Welfare Standard Propagates Gender and Racial Inequalities

Using the 2019 BB&T-SunTrust merger as a case study, Laura Beltrán argues that contemporary antitrust policy, based on the Consumer Welfare Standard,...

The Ten Most-Popular ProMarket Articles from 2022

From critiques of the Consumer Welfare Standard to discussions about inflation, here are the ten most popular ProMarket articles from 2022.

Event Notes: The Consumer Welfare Standard Is Dead, Long Live the Standard

It seems that the only thing academics and policymakers can agree about regarding the Consumer Welfare Standard is that it needs reforming....

The Corruption of Consumer Welfare

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

The “Conspiracy” of Consumer Welfare Theory

Matt Stoller argues there was a conspiracy. It was more of an association with a singular purpose.

Q&A With FTC Chair Lina Khan: “The Word ‘Efficiency’ Doesn’t Appear Anywhere in the Antitrust Statutes”

FTC Chair Lina Khan sat down with Guy Rolnik to discuss changes in governmental posture toward antitrust enforcement, her goals as head...

Should The Competitive Process Test Replace The Consumer Welfare Standard?

Jonathan Kanter, Assistant Attorney General for the Department of Justice Antitrust Division, recently gave a speech condemning the use of the consumer...

DOJ Antitrust Head Jonathan Kanter: “We Are Making It Very Clear: We’re Going to Hold Individuals Accountable”

In an interview with ProMarket, assistant attorney general Jonathan Kanter, head of the Department of Justice’s antitrust division, explains why he believes...

The Consumer Welfare Standard and Antitrust Enforcement: a Response

Alden Abbott, former general counsel of the FTC, argues that, contrary to claims made in a recent ProMarket article, American competition is vibrant...

What Economists Mean When They Say “Consumer Welfare Standard”

Though coined by academic economists, the term “consumer welfare standard” has been captured and changed by the economic school of thought known...

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LATEST NEWS

Development

Mobile Internet Is Changing Employment in Developing Countries, but Not Always as Expected

Pinelopi Koujianou Goldberg, Gaurav Chiplunkar

Scholars and policymakers have put much faith into the prospect of internet connectivity catalyzing development in low- and middle-income countries. In new...

Fiscal Policy

Biden’s Second-Best Economic Agenda

Walter Frick

Efficiency is out and political economy is in. But what does that imply about making good policy?

Monetary Policy

The Fed and Bank Failures

Raghuram Rajan, Viral V Acharya

Viral Acharya and Raghuram Rajan explain how quantitative easing contributed to the problems underlying the recent bank failures such as that of...

Antitrust and Competition

Self-Preferencing Theories Need To Account for Exploitative Abuse

Patrice Bougette, Oliver Budzinski, Frédéric Marty

Patrice Bougette, Oliver Budzinski, and Frédéric Marty argue in their research that antitrust authorities on both sides of the Atlantic must take...

Antitrust and Competition

Startup Acquisitions Have Undecided Effects on Innovation and Economic Growth

Christian Fons-Rosen, Pau Roldan-Blanco, Tom Schmitz

Startups are a major driver of innovation, but many startups are acquired by large incumbents. Do these acquisitions stifle innovation or promote...