Market power
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,...
Editors’ Briefing: This Week in Political Economy (July 7–14)
Brett Kavanaugh is expected to bring his pro-business bent to the Supreme Court; the DOJ is appealing the AT&T-Time Warner merger approval; Britain fines...
