Consumer welfare standard
"The Lack of Competition Has Deprived American Workers of $1.25 Trillion of Income"
French economist Thomas Philippon, author of the recent The Great Reversal, explains how Europe got to be better at free markets than the US and how...
Why the FTC Should Focus on Labor Monopsony
Economic theory tells us that firms are more likely to exploit labor market power than product market power in the United States today. And...
Editors’ Briefing: This Week in Political Economy (June 30–July 7)
Scott Pruitt resigns from the EPA; a new report finds that digital platforms are not fully complying with the EU’s new privacy rules; Google,...
Ohio v. Amex, Supply Chain Fairness, and the Inadequacy of Antitrust’s Consumer Welfare Standard
SCOTUS Forum. The University of Kentucky's Ramsi Woodcock argues that the problem with the Ohio v. Amex ruling is not that the Supreme Court got the outcome...
New Study Shows Just How Bad the US Labor Market’s Competition Problem Really Is
In recent decades, antitrust policy has all but ignored the issue of monopsony power. Yet a new paper shows that across the US economy,...
