type here...

market failure

James M. Buchanan Trusted Market Mechanisms Because He Trusted Individuals

James Buchanan, one of the most influential economists of the twentieth century, believed that individuals were able to voluntarily devise private and...
Read more

Rethinking Competition: From Market Failures to Ecosystem Failures

Despite the overwhelming importance of digital platforms, and the chatter around their recent rise, our understanding of digital ecosystems is still limited....
Read more

The Texas Blackouts and the Problems of Electricity Market Design

Even in an ideal electricity market, reliability is an elusive and precarious byproduct of companies’ search for profits. Since market designers are...
Read more

The SEC Proposal on Proxy Advisory Firms Will Provide Greater Transparency and Accountability

Proxy advisory firms lack transparency and their recommendations are not always in shareholders' interests. However, despite their poor performance, the two biggest firms' market...
Read more

LATEST NEWS

Antitrust and Competition

The “Conspiracy” of Consumer Welfare Theory

Darren Bush, Mark Glick
Matt Stoller argues there was a conspiracy. It was more of an association with a singular purpose.
Read more
Antitrust and Competition

Researchers Find Reduced Competition After Pandemic

Brooke Fox
The chart of the week comes from a new research paper that documents the increase in small business closures during the Covid...
Read more
News

Voters Still Believe Politics is About the Common Good, Not Just Rent-Seeking

Chad Kendall, John G. Matsusaka
Do voters still believe that politics can be a source for common-good policies and not just partisan bickering and rent-seeking? With political...
Read more
Antitrust and Competition

How to Design Data Protection Laws That Actually Work 

Filippo Lancieri
More and more countries are passing data protection laws, yet empirical studies show that these laws rarely deliver on their promises. A...
Read more
Antitrust and Competition

Are Monopolists or Cartels the True Source of Anticompetitive US Political Power?

Herbert Hovenkamp
Trade associations are often the biggest obstacles to competitive markets, especially when those organizations use their influence to change public policy in...
Read more

ProMarket is dedicated to discussing how competition tends to be subverted by special interests. The posts represent the opinions of their writers, not necessarily those of the University of Chicago, the Booth School of Business, or its faculty. For more information, please visit ProMarket Policy.

About Us

Categories

What we are readingAntitrust and CompetitionNewsRegulatory CaptureMediaRent seeking