Labor
Mobile Internet Is Changing Employment in Developing Countries, but Not Always as Expected
Scholars and policymakers have put much faith into the prospect of internet connectivity catalyzing development in low- and middle-income countries. In new...
Are There Really Gender Pay Differences in the CEO Labor Market?
The gender pay gap is a well-documented phenomenon in global labor markets, but this gap does not seem to apply to the...
Globalization’s Uneven Impact on Women’s Occupational Attainment
The literature on globalization’s impact on women’s workforce participation generally takes a positive outlook but still produces mixed results. In their research,...
How Women in the Workplace Has Changed Over the Last 50 Years
Decades of progress have seen greater opportunities for women in the workplace, but sizable gender gaps still remain. Stefania Albanesi, Claudia Olivetti...
To Understand Earnings Inequality, We Need To Study Hours Inequality
A growing literature on income inequality and labor earnings has overlooked the contribution of disparities in hours worked. In new research with...
How the Consumer Welfare Standard Propagates Gender and Racial Inequalities
Using the 2019 BB&T-SunTrust merger as a case study, Laura Beltrán argues that contemporary antitrust policy, based on the Consumer Welfare Standard,...
The NCAA Goes After College Athletes’ NIL Money—Here are the Antitrust Implications for Workers and Consumers
Having lost in the Supreme Court on student-athlete academic benefits, the NCAA has signaled a continuing attempt to suppress competition in the...
How Antitrust Can Better Regulate Thin Labor Markets
Thin markets, characterized by a small number of participants and low transaction volumes, create particular problems for antitrust enforcers. Hiba Hafiz explores...
How Practical Are Biden’s Proposals to Promote Labor Market Competition?
A new report from the Biden administration lays out ways to increase competition in US labor markets. Will they work?
Global vs. Local: What Drives Changes in Labor’s Share of Income
A new working paper examines the relationship between competition policy and the decline in the labor share across the developed world and...
LATEST NEWS
Antitrust and Competition
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.
Antitrust and Competition
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.
Book Excerpts
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.
Antitrust and Competition
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.
Democracy
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.
