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Marshall Steinbaum

Marshall Steinbaum is an Assistant Professor of Economics at the University of Utah and Senior Fellow in Higher Education Finance at the Jain Family Institute.
Antitrust and Competition

Missing the Forest for the Trees: A Reply to Hovenkamp and Shapiro

Hal Singer
The Federal Trade Commission’s now-abandoned 2020 Vertical Merger Guidelines were not some ideal economic document that the FTC foolishly disregarded; rather, they failed spectacularly...
Antitrust and Competition

Antitrust as Economic Stimulus

Hal Singer
By attacking power imbalances, competition policy can steer income to workers and independent merchants who are more inclined to spend than monopoly platforms.  When the...
Antitrust and Competition

Policy Failure: The Role of “Economics” in AT&T-Time Warner and American Express

James Biese
The recent AT&T and Amex decisions showcase the pitfalls of considering antitrust cases solely on the basis of economic analysis and may have the...
Antitrust and Competition

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

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

Monopsony Takes Center Stage

Marshall Steinbaum
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...
Rent seeking

One Happy Byproduct of 2016: An Overdue Tax Policy Debate

Marshall Steinbaum
Rich people are much richer than they used to be in large part because they pay much less tax than they used to. This—not...
Antitrust and Competition

What Role for Antitrust in the Era of Rising Inequality? The Importance of Power in Supply Chains

Marshall Steinbaum
Concentration of power in supply chains is a prime mechanism by which dominant companies consolidate power and profits. The Sherman Antitrust Act of 1890 was...

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The publication of the Stigler Center at The University of Chicago Booth School of Business

ProMarket is dedicated to discussing how competition tends to be subverted by special interests. The posts represent the opinions of their writers, not necessarily those of the University of Chicago, the Booth School of Business, or its faculty. For more information, please visit ProMarket Policy.