Digital Economy

How Should the Law Tackle Rapidly Evolving Financial Technologies?

The last half-century has witnessed an explosion of technology changing how the financial landscape functions for customers and new and legacy banking...

Why Disruptive Innovation Has Declined Since 2000

Traditional accounts of the growing power of large firms implicate antitrust or political corruption. But in a recent book, economist James Bessen...

Designing Better Antitrust Remedies for the Digital World

Even when antitrust enforcers and courts get it right when finding an anticompetitive infringement, they constantly end up imposing remedies that are...

How the Free Software and the IP Wars of the 1990s and 2000s Presaged Today’s Toxic, Concentrated Internet

How did the internet evolve from a relatively decentralized, hybrid, and democratizing space toward a concentrated, privatized environment controlled by a handful...

The EU’s Attempt at Updating Antitrust Market Definition for the Digital Age

The rise of digital platforms has upended markets and the very act of market definition—the basic unit of antitrust analysis. With the...

Fixing Facebook Would Take More Than Collective Action – It Requires Structural Change

With its dominant market power and its role as both social outlet and news provider, Facebook possesses enormous power over the flow...

Allowing Digital Platforms to Continue Picking the Winners and Losers of Our Economy Is Un-American

Antitrust law aims to stop established companies from shutting out competitors. We should revive enforcement against exclusionary conduct, as well as structurally eliminate the...

Spotify Is Mimicking Google's and Facebook's Strategy: Will It Ruin Podcasting?

Spotify announced the acquisition of The Ringer, one of the biggest networks in podcasting: a step further in its quest to dominate the audio industry...

Spotify Is Mimicking Google’s and Facebook’s Strategy: Will It Ruin Podcasting?

Spotify announced the acquisition of The Ringer, one of the biggest networks in podcasting: a step further in its quest to dominate the audio industry...

Facebook’s Enduring Control Over Social Media Markets

According to the British Competition and Markets Authority (CMA), Facebook accounts for 75 percent of the UK’s social media market. Over the past 10 years,...

LATEST NEWS

How Financial Contracting Could Help the Police Force Manage Its Aims More Effectively

Hamid Mehran proposes funded deferred pay, an incentive structure to mitigate the risk and costs of police misconduct.

Event Notes: “China’s Political Economy” in Review

The Stigler Center's "China Political Economy" webinar series returns Thursday, February 9. Here's a reminder of what we covered in our first...

To Build an Equitable Economy, We Must Understand Capitalism’s Racist Heritage

American capitalism was built on racial exploitation, from the enslavement of Black people to institutionalized discrimination and its structural impact on our...

How To Ensure Industrial Policy Promotes Public Over Private Gain

Industrial policy was once so out of fashion that it was jokingly called “the policy that shall not be named.” Now it’s...

More than Economics, Ideology Determines US Voters’ Preferences for Redistribution

The US stands out among developed economies for its comparatively low level of redistribution as a percentage of GDP. Gustavo de Souza...