Market power
Antitrust Alone Is Not Enough to Combat the Problems Associated With Digital Platforms
Digital platforms present an enforcement challenge sufficiently daunting that it requires major reforms to antitrust law. But in order to restore lost competition, we...
When American Capitalism Meant Equality
Americans used to have a relatively egalitarian view of markets. How did they come to accept extreme inequality as an innate part of their...
How to Protect Competition and Consumers in Digital Markets
While some markets may self-correct, rapid self-correction in markets dominated by large digital platforms is unlikely. The economy and market structure subcommittee of the...
Restoring Antimonopoly Through Bright-Line Rules
The “consumer welfare” approach to antimonopoly is the main contributor to the extreme and dangerous concentrations of power that Americans face today. In place...
Amazon's Latest Supplier Purge Is a Classic Indicator of Price Predation
Regulators in Washington should immediately launch an investigation into Amazon’s e-commerce business.
In a recent article (and subsequent blog post), I argued that Amazon’s...
Regulators Should Not Change the Regulatory Environment to Include Labor Market Concentration
Research has shown that labor markets with higher levels of labor market concentration have lower wages. It does not necessarily follow that regulators should...
The “Biggest Puzzle in Economics”: Why the “Superstar Economy” Lacks Any Actual Superstars
A new study finds that the contribution of superstar firms to US productivity growth has decreased by more than 40 percent over the past...
Is Amazon Violating the Sherman Act?
A new paper suggests that Amazon’s negative cash flow rapid expansion story may in fact conceal a long-term predatory pricing strategy that violates existing...
Rents and Inclusive Growth: A Decline in Rent Sharing Implies Growing Income Inequalities
A new study looks at the long-run evolution of rent sharing between companies and workers in the UK and finds that rent sharing...
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...
