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Meta-Within Should Be Viewed in the Context of Meta’s Broader Efforts To Monopolize Social Networking

A California court recently denied the FTC’s motion to block the Meta-Within merger. Brandon Nye writes that the FTC could have expanded...

Antitrust Needs Better Models for Estimating Social Welfare in the Digital Age

In a forthcoming article, Seth Benzell and Felix Chang explore how antitrust regulators can use insights from a new quantitative model of...

How to Converge the US and European Antitrust Approaches Toward Big Tech

The growing consensus that Big Tech platforms need to be restrained creates a unique opportunity for international cooperation among antitrust enforcers. The...

How Should Antitrust Deal With Facebook? A Stigler Center Panel Investigates

Panelists at the Stigler Center’s recent antitrust conference look at the antitrust case against Facebook and discuss potential theories of harm, as...

Big Tech ‘Self-Preferencing’ Bills May Hurt—Not Help— Antitrust Reform

A new paper from Erik Hovenkamp outlines pitfalls contained in newly proposed antitrust reform legislation that targets Big Tech companies. He proposes...

Rep. Ken Buck on the Need for Antitrust Reform: “Big Corporate America Scares People”

In an interview with ProMarket, Republican congressman Ken Buck explains why antitrust enforcement is so crucial to the US economy and American democracy,...

Seize the Means of Computation

To regain internet autonomy from Big Tech companies, lower switching costs with legislation that allows new services to subvert network effects and...

Why Competition Alone Won’t Bring About a More Inclusive Digital Economy

The current reforms being debated in the US and Europe to tackle the challenges posed by tech giants tend to see more...

How to Prevent Big Tech From Hindering Pathbreaking Innovation in the Metaverse

The transition to the metaverse presents a technological paradigm shift akin to the shift from desktop computers to smartphones, but today’s dominant...

How Big Media Handed Digital Advertising to Big Tech

The current structure of digital advertising markets makes the Google-Facebook duopoly an unavoidable trading partner for every party in the content consumption...

LATEST NEWS

Why Have Uninsured Depositors Become De Facto Insured?

Due to a change in how the FDIC resolves failed banks, uninsured deposits have become de facto insured. Not only is this dangerous for risk in the banking system, it is not what Congress intends the FDIC to do, writes Michael Ohlrogge.

Merger Law Reaches Acquirer Incentives and Private Equity Strategies

Steven C. Salop argues that Section 7 of the Clayton Act prohibits mergers in which the acquiring firm’s unilateral incentives and business strategy are likely to lessen market competition.

Tim Wu Responds to Letter by Former Agency Chief Economists

Former special assistant to the president for technology and competition policy Tim Wu responds to the November 27 letter signed by former chief economists at the Federal Trade Commission and Justice Department Antitrust Division calling for a separation of the legal and economic analysis in the draft Merger Guidelines.

Can the Public Moderate Social Media?

ProMarket student editor Surya Gowda reviews the arguments made by Paul Gowder in his new book, The Networked Leviathan: For Democratic Platforms.

Uninhibited Campaign Donations Risks Creating Oligarchy

In new research, Valentino Larcinese and Alberto Parmigiani find that the 1986 Reagan tax cuts led to greater campaign spending from wealthy individuals, who benefited the most from this policy. The authors argue that a very permissive system of political finance, combined with the erosion of tax progressivity, created the conditions for the mutual reinforcement of economic and political disparities. The result was an inequality spiral hardly compatible with democratic ideals.