Interviews

Cogs and Monsters: Is Economics Destined to Remain a Dismal Science?

In her bold new book Cogs and Monsters: What Economics Is, and What It Should Be, Cambridge professor Diane Coyle offers a...

The Digital Society: “We Live in a World Obsessed With Cost Cutting”

In an interview about his new book, The Inglorious Years, economist Daniel Cohen explores the emergence of the digital society and its...

The Profit Paradox: “What’s Good for Firms Is Not Necessarily Good for the Workers”

In an interview with ProMarket, Jan Eeckhout discusses his new book The Profit Paradox and explains how market power brings down wages,...

“I Wanted to Call People’s Attention to the Extent of Amazon’s Takeover of Washington”

In an interview with ProMarket, author and ProPublica reporter Alec MacGillis discusses the rise of Amazon and regional inequality, the role of...

Chinese Antitrust 2.0: Why Is China Going After Its Big Tech?

In an interview with ProMarket, Angela Huyue Zhang, author of a new book Chinese Antitrust Exceptionalism, discusses the motivations behind the recent...

Fahmi Quadir: “Short Sellers are Always an Easy Boogeyman”

In an interview with ProMarket, short-seller Fahmi Quadir, who has shorted companies like Wirecard and Valeant, discussed the public perception of short-sellers...

“Free is Not Free”: What the Apple-Facebook Spat and the GameStop-Robinhood Fiasco Have in Common

In an interview with ProMarket, antitrust scholar, lawyer, and businesswoman Dina Srinivasan explains why she believes that if users were given the...

Systemic Corruption in America Spans Political Parties

In an interview with ProMarket, Sarah Chayes, author of the book On Corruption in America, discussed corruption in the US and how...

Angus Deaton: “There’s Something Clearly Wrong With Our Corporate System, in Which Pharmaceutical Companies Are Allowed to Kill People for Money”

In an interview with ProMarket, Nobel Prize-winning economist Angus Deaton outlined what he believes the incoming Biden administration should do: introduce price...

“A Loaded Weapon”: Francis Fukuyama on the Political Power of Digital Platforms

In an interview with ProMarket, Francis Fukuyama discusses the political threat posed by digital platforms and why he believes a “middleware” solution...

LATEST NEWS

How US Antitrust Enforcement Against Xerox Promoted Innovation by Japanese Competitors

Xerox invented modern copier technology and was so successful that its brand name became a verb. In 1972, U.S. antitrust authorities charged Xerox with monopolization and eventually ordered the licensing of all its copier-related patents. As new research by Robin Mamrak shows, this antitrust intervention promoted subsequent innovation in the copier industry, but only among Japanese competitors. Nevertheless, their innovations benefited U.S. consumers.

Revising the Merger Guidelines To Return Antitrust to a Sound Economic and Legal Foundation

The draft Merger Guidelines largely replace the consumer welfare standard of the Chicago School with the lessening of competition principle found in the 1914 Clayton Act. This shift would enable the Federal Trade Commission and Department of Justice Antitrust Division to utilize the full extent of modern economics to respond to rising concentration and its harmful effects, writes John Kwoka.

How Anthony Downs’s Analysis Explains Rational Voters’ Preferences for Populism

In new research, Cyril Hédoin and Alexandre Chirat use the rational-choice theory of economist Anthony Downs to explain how populism rationally arises to challenge established institutions of liberal democracy.

The Impact of Large Institutional Investors on Innovation Is Not as Positive as One Might Expect

In a new paper, Bing Guo, Dennis C. Hutschenreiter, David Pérez-Castrillo, and Anna Toldrà-Simats study how large institutional investors impact firm innovation. The authors find that large institutional investors encourage internal research and development but discourage firm acquisitions that would add patents and knowledge to their firms’ portfolios, hampering overall innovation.

The FTC Needs To Focus Arguments on Technological Transitions After High-Profile Losses

Joshua Gray and Cristian Santesteban argue that the Federal Trade Commission's focus in Meta-Within and Microsoft-Activision on narrow markets like VR fitness apps and consoles missed the boat on the real competition issue: the threat to future competition in nascent markets like VR platforms and cloud gaming.