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The Anticompetitive Effects of Low Interest Rates

A new study argues that declining interest rates are in fact the cause of the recent decline in competition. Corporate profits in the United States...

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,...

This Is What Monopoly Looks Like: The Italian Tobacco Sector in the Late 19th Century

How does a monopolist know what prices to charge to extract the most profit? A new paper digs into the classic monopolist’s problem with...

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