Interview Series: Is There a Concentration Problem in America?

"The Financialization of the U.S. Economy Has Produced Mechanisms That Lead Toward Concentration"

In this installment of ProMarket’s interview series on concentration in America, Gerald Berk from the University of Oregon discusses the political implications of concentration.  Does...

“The Increase in Common Ownership Corresponds to the Concentration Increase That Several Large Mergers Would Create”

In this installment of ProMarket’s interview series on concentration in America, Martin Schmalz from the University of Michigan talks about the effects of common ownership...

“There Is Unambiguous Evidence That Concentration Is on the Rise and Widespread Over Most Industries”

In this installment of ProMarket’s interview series on concentration in America, Cornell University professor Roni Michaely shares data on rising concentration in the U.S. economy. Does America have...

“Industries Where Market Power Can Harm Consumers the Most Are the Ones We Should Care Most About”

In this installment of ProMarket’s interview series on concentration in America, Chicago Booth professor and former chair of President Obama’s Council of Economic Advisers...

"I Suspect the Major Reason for the Rise in Concentration Is Technological Change, Particularly in IT"

In this installment of ProMarket’s interview series on concentration in America, Chicago Booth professor Steven Kaplan discusses the reasons for the rise in concentration. "Overall,...

"Antitrust Policy Relies More Heavily on Beliefs Rather Than a Strong Consensus About Facts"

In this installment of ProMarket’s new interview series on concentration in America, Chicago Booth professor emeritus Sam Peltzman shares some thoughts on concentration and...

"There Is a Clear Perception That the European Commission Is More Active In Antitrust Than the U.S. Agencies"

In this installment of ProMarket's interview series on concentration in America, Tommaso Valletti, the European Commission’s Chief Competition Economist, shares some thoughts on economic concentration...

"Our New Economy Enables the Winners to Capture Much More of the Welfare"

In this installment of ProMarket’s new interview series on concentration in America, Ariel Ezrachi and Maurice Stucke discuss bigness, market power, and the digital...

“No Convincing Evidence That Concentration Has Been a Major Factor in Explaining Poor U.S. Economic Performance”

In this installment of ProMarket's new interview series on concentration in America, Chicago Booth professor Dennis Carlton strikes a skeptical note concerning claims that increased...

“Growing Evidence That Some U.S. Regulators May Value the Profits of the Incumbents They Regulate Over Consumer Welfare”

In this installment of ProMarket's new interview series, we ask Fiona M. Scott Morton of Yale University about the effects of concentration in America and...

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Healthcare Companies Spent More on Lobbying Than Any Other Industry Last Year

Threatened by regulated price caps from congress, the pharmaceutical industry spent nearly $390 million on lobbying in 2021 according to new data...

Antitrust and Rule by Judges

The early-1980s Posner-Stigler memorandum to incoming president Reagan’s transition team is interesting for a host of reasons, but most of all in...

Should the European Union Require Tech Firms to Adopt a Common Charger?

According to a new European Commission directive expected to be approved in the next few months, tech firms will have to use...

Chart of the Week: Economists Don’t Think Congress Should Make Price Gouging Illegal

Most economists disagree with a new bill in the US that would set limits on "unconscionably excessive prices," according to a recent...

Neoliberal Economists Are Giving Biden Bad Advice on Inflation

To spare the economy from the pain of further interest rate hikes, the President should aggressively pursue anticompetitive conduct by companies in...