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Marshall Steinbaum

Antitrust and Competition

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...
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Antitrust and Competition

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...
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Antitrust and Competition

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...
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Rent seeking

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...
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Antitrust and Competition

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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News

Prison Labor Can Create Perverse Incentives for Incarceration and Reduce Trust in Legal Institutions

Belinda Archibong, Nonso Obikili
Government proponents of prison labor should be mindful of the potential for negative effects, including increased incarceration rates and citizens’ deteriorating views...
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COMMENTARIES

Bethany McLean’s Weekend Reading List: Robinhood, Quibi, and Corporate America’s Addiction to Debt

Bethany McLean
Corruption, lobbying, corporate malfeasance, and frauds: a weekly unconventional selection of must-read articles by investigative journalist Bethany McLean. 
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Antitrust and Competition

How Germany Managed to Outlaw Facebook’s Core Business Model

Anne C. Witt
In a surprise ruling last month, the German Federal Court of Justice determined that Facebook must comply with an earlier decision by...
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Coronavirus

Tailoring Lockdowns for Developing Countries

Titan Alon, Minki Kim, David Lagakos, Mitchell VanVuren
The Covid-19 pandemic has decimated livelihoods in developing nations, and coronavirus-related deaths are rising in Africa and South Asia at an alarming...
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Antitrust and Competition

Why Most Advertisers Can’t Afford to Boycott Facebook

David Carroll
While big brands can afford to pause their addiction to Facebook, most advertisers cannot participate, as they have become so dependent on...
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Coronavirus

Can Covid-19 Erode Young Individuals’ Trust in Politics for Decades to Come?

Cevat Giray Aksoy, Barry Eichengreen, Orkun Saka
A new study shows that exposure to an epidemic during one's “impressionable years” (18-25) has a persistent negative effect on trust in...
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Antitrust and Competition

The United States: An Exceptional Case? A Webinar With Stephen Haber, Richard R. John, and Luigi Zingales

ProMarket writers
Many see the US as a land where free markets and antitrust enforcement have historically kept monopolies under control. But is that...
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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.

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