Market power

How Market Power Worsens Income Inequality

Inequality in stock ownership has grown considerably over the past two decades and is far more pronounced than inequality in consumption or income. A...

The Elephant in the Market Power Debate

Profits are the ultimate sign of market power. But for the past 40 years, economists and antitrust practitioners have disparaged the measurement of profit...

The Greatest Anticompetitive Threat of Our Time: Fixing the Horizontal Shareholding Problem

Undisputed empirical studies confirm that horizontal shareholding poses a great anticompetitive threat. What can antitrust enforcers do about it? Quite a lot, in fact.     Editors'...

Market Power or Just Scale Economies?

While increased economies of scale may offer a partial explanation for higher margins and declining dynamism in the US economy, growing market power provides...

Why the FTC Should Focus on Labor Monopsony

Economic theory tells us that firms are more likely to exploit labor market power than product market power in the United States today. And...

Product Market Concentration Is Decreasing, and It’s Because of the Big Guys

A new study by economists at Princeton University and the Federal Reserve Bank of Richmond finds that while national market concentration is clearly increasing,...

Editors’ Briefing: This Week in Political Economy (September 7–16)

Is the government's response to the 2008 financial crisis responsible for the rise of populism in the US and Europe?; the real Google censorship...

Editors’ Briefing: This Week in Political Economy (September 1–7)

Google skips Congressional hearing, potentially making a “strategic mistake of virtually incalculable proportions”; Jon Kyl’s “ethical baggage”; new research finds telecom companies are slowing...

Editors’ Briefing: This Week in Political Economy (July 21–27)

The rumors of Facebook’s newfound vulnerability have been greatly exaggerated; Google reportedly employs more contractors than actual employees; Britain has a monopoly problem; and...

What Current Research (Still) Gets Wrong about Market Power

Two much-discussed new studies argue that market power is on the rise not only in the United States, but also around the world. Here,...

LATEST NEWS

New Research Shows The Breakup of IG Farben Increased Innovation

IG Farben used to be the world’s largest chemical company and a major innovator—until it was broken up in one of the...

Why Streaming Doesn’t Pay

An excerpt from a new book, Chokepoint Capitalism: How Big Tech and Big Content Captured Creative Labor Markets and How We'll Win...

Democratize Work

An excerpt from a new book, Democratize Work: The Case for Reorganizing the Economy, advocates democratizing firms and decommodifying work.

Antitrust Enforcement, Inflation and Corporate Greed: What do we know?

At a recent Centre for Economic Policy Research (CEPR) event, panelists, including the Stigler Center's own Luigi Zingales, reflected on the roles...

Data is Abundant But is it Accessible to Researchers?

Despite the wide availability of data, ensuring independent access to data sources has never been more crucial. How can researchers engage in...