Market power
How the Rise of Labor Market Power Helps Explain the Fall of US Manufacturing Employment
A new working paper explores the increase in labor market power in the US and what’s driving it. It shows manufacturing workers were paid...
The Ties that Bind Workers to Firms: No-Poach Agreements, Noncompetes, and Other Ways Firms Create and Exercise Labor Market Power
Collusive no-poach agreements are per se illegal, but noncompete clauses are not. Recent research casts doubt on the rationale for this legal distinction and...
The Best Political Economy Books of 2021
A scholarly examination of market’s power toll on American workers, the collected works of a pioneering economic thinker, an ambitious narrative of US economic...
The Sherman Act and Abuse of Dominance in the Age of Networks
In order to be more effective in networked markets, the US should adopt a version of the EU’s “abuse of dominance” standard that could...
Why a “Whole-of-Government” Approach is the Solution to Antitrust’s Current Labor Problem
For the majority of America’s regulatory history, the problem of employer monopsony was understood as a competition policy issue that required direct government-wide labor...
Antitrust Law’s Unwritten Rules of Unfair Competition
Does the Sherman Act actually “protect competition, not competitors”? An examination of the case law reveals a more nuanced picture, in which the courts...
Antitrust’s Labor Market Problem
A series of academic studies in recent years highlighted the fact that labor markets are often highly concentrated and that employers use anticompetitive methods...
What’s Behind Amazon’s Demand that FTC Chair Lina Khan Recuse Herself?
Amazon’s attempt to get Khan to recuse herself from any antitrust investigation into the company is not the first time that a company has...
The Profit Paradox: A New Approach to Competition and Market Power
Jan Eeckhout’s recent book The Profit Paradox is a serious attempt to explain rising market power and its implications to a wider audience. While...
The Unchecked Market Power of the American Health Care System
Chicago Booth alumnus and retired health care consultant David W. Ennis responds to ProMarket’s recent coverage on antitrust and the US health care system....
