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“Growing Evidence That Some U.S. Regulators May Value the Profits of the Incumbents They Regulate Over Consumer Welfare”

In this installment of ProMarket’s new interview series, we ask Fiona M. Scott Morton of Yale University about the effects of concentration in America and antitrust in the age of Trump. “I am concerned that there will not be one philosophy toward competition enforcement, but instead political antitrust.”   

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“There Is Convincing Evidence That Concentration Has Been Rising”

Our new interview series: “Is there a concentration problem in America?” On March 27-29, the Stigler Center will host a first-of-its-kind, three-day conference that will focus on this very question. Ahead of the conference, we asked influential scholars and public intellectuals about the potential effects of concentration on the U.S. economy. In the first installment, John Kwoka of Northeastern University shares some thoughts on competition and antitrust in the age of Trump.   

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“So Long As Corporate Managers See Their Objective as Maximizing Returns, Rent-Seeking and Regulatory Capture Will Persist”

In this installment of ProMarket’s new interview series on the economic theory of the firm, Harvard Business School professor Lynn Paine discusses the role of corporations and the need to reform capitalism. “Business schools generally do a poor job educating their students about the role of government and business-government relations.”  

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Guy Rolnik

Uber, the Mayor’s Private Email, and the Underground Lobbying Complex

The recent revelations regarding the interactions between Chicago mayor Rahm Emanuel and former Uber executive and Obama adviser David Plouffe suggest that the real action in the U.S. lobbying game takes place under the surface. The billions of dollars invested in lobbying every year, and the thousands of registered lobbyists, are only the tip of the influence-peddling iceberg.  

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