Monopsony

How Amazon's Pricing Policies Squeeze Sellers and Result in Higher Prices for Consumers

Amazon's price matching policies, which were meant to ensure its dominant position, diminished the ability of brands to control how their products are distributed...

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...

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...

Why Local Labor Market Concentration Is Lower Than It Used to Be, Even As National Concentration Increases

A new study compares the trends in national and local industrial concentration between 1976 and 2015, and explains why they diverged. The idea that firms...

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...

Data Workers of the World, Unite!

With solutions to the threats of digital monopolies currently looking unlikely to come from the state, law and economics scholars Eric Posner and Glen...

Strong Employers and Weak Employees: Study Sheds New Light on How Labor Market Concentration Hurts Workers

New study finds that wages are significantly lower in concentrated labor markets—and even lower in labor markets where unionization rates are low. America’s decades-long wage...

Antitrust in the Labor Market: Protectionist, or Pro-Competitive?

Redirecting antitrust enforcement to confront monopsony power would be a substantial departure from the way it has been conducted in recent decades, but just...

Monopsony Takes Center Stage

Bringing the powerful weapons the federal competition authorities have to bear on the problem of monopsony would be a substantial, but necessary departure from recent...

LATEST NEWS

Adam Smith on Self-Betterment and Policy Impacts

In this celebration of Adam Smith’s contributions to the field of political economy, Peter J. Boettke and Alain Marciano take a passage...

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...