Marshall Steinbaum

Marshall Steinbaum is an Assistant Professor of Economics at the University of Utah.

Antitrust as Economic Stimulus

By attacking power imbalances, competition policy can steer income to workers and independent merchants who are more inclined to spend than monopoly...

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

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 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...

One Happy Byproduct of 2016: An Overdue Tax Policy Debate

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...

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

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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Stigler’s Interest-Group Theory of Regulation: A Skeptical Note

As a rule, regulation is not acquired by “the industry,” and it is not designed and operated primarily for its benefit. The...

The Durable Impact of Stigler’s Theory of Economic Regulation

George Stigler’s “The Theory of Economic Regulation” was an early application of public choice reasoning to a practical problem—the work of regulatory...

Economic Regulation After George Stigler

George Stigler’s “The Theory of Economic Regulation” has left a lasting impact on the academic and real-world practice of regulatory policy. Fifty...

Female Academics Are Disproportionately Affected By Covid-19 Disruptions In Childcare

A new paper finds that academics who are parents to young children, and especially mothers, have lost a significant amount of research...

Rethinking Competition: From Market Failures to Ecosystem Failures

Despite the overwhelming importance of digital platforms, and the chatter around their recent rise, our understanding of digital ecosystems is still limited....

A Famed Economist’s Public Company U-Turn

Michael Jensen, a leading late 20th century economist, pivoted from praising public companies in the 1970s to assailing public company governance in...

Chinese Antitrust 2.0: Why Is China Going After Its Big Tech?

In an interview with ProMarket, Angela Huyue Zhang, author of a new book Chinese Antitrust Exceptionalism, discusses the motivations behind the recent...