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Editors’ Briefing: On Our Radar This Week (Nov. 27–Dec. 2)

The stories that most interested us this week.         The Senate approved the Republican tax bill last night following a series of last-minute amendments, paving the way...

Zingales: Too Much Power in the Hands of Big Tech Could Distort American Democracy

Watch comments by Luigi Zingales from the recent AEI Panel  "Should Washington Break Up Big Tech?” The excessive concentration of power in the hands of the...

Editors’ Briefing: On Our Radar This Week (Nov. 3–10)

The stories that most interested us this week.   Following reports that the Justice Department might force AT&T to sell Time Warner’s CNN as a...

Watch: “The Reason We Have Google and Facebook Today Is Because of Antitrust Enforcement Against Microsoft”

In an interview with the Chicago Booth Review, Stigler Center Director Luigi Zingales spoke about the importance of competition.  “Competition is the essence of what makes...

“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,...

LATEST NEWS

Algorithmic Collusion in the Housing Market

While the development of artificial intelligence has led to efficient business strategies, such as dynamic pricing, this new technology is vulnerable to collusion and consumer harm when companies share the same software through a central platform. Gabriele Bortolotti highlights the importance of antitrust enforcement in this domain for the second article in our series, using as a case study the RealPage class action lawsuit in the Seattle housing market.

The Future Markets Model Explains Meta/Within: A Reply to Herb Hovenkamp

In response to both Herb Hovenkamp’s February 27 article in ProMarket and, perhaps more importantly, also to Hovenkamp’s highly regarded treatise, Lawrence B. Landman, first, shows that the Future Markets Model explains the court’s decision in Meta/Within. Since Meta was not even trying to make a future product, the court correctly found that Meta would not enter the Future Market. Second, the Future Markets Model is the analytical tool which Hovenkamp says the enforcers lack when they try to protect competition to innovate.

The Chicago Boys and the Chilean Neoliberal Project

In a new book, The Chile Project: The Story of the Chicago Boys and the Downfall of Neoliberalism, Sebastian Edwards details the history of neoliberalism in Chile over the past seventy years. The Chicago Boys—a group of Chilean economists trained at the University of Chicago through the U.S. State Department’s “Chile Project”—played a central role in neoliberalism’s ascent during General Augusto Pinochet’s rule. What follows is an excerpt from the book on University of Chicago economist Milton Friedman’s 1975 visit to Chile to meet with Pinochet and business leaders.

Creating a Modern Antitrust Welfare Standard that Integrates Post-Chicago and Neo-Brandeisian Goals

Darren Bush, Mark Glick, and Gabriel A. Lozada argue that the Consumer Welfare Standard  is inconsistent with modern welfare economics and that a modern approach to antitrust could integrate traditional Congressional goals as advocated by the Neo-Brandesians. Such an approach could be the basis for an alliance between the post-Chicago economists and the Neo-Brandesians.

Getting Partisans To Listen to One Another Can Reduce Political Polarization

In new research, Guglielmo Briscese and Michèle Belot find that reminding Americans of shared values can open lines of communication and help reduce political polarization.