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Sam Peltzman

Sam Peltzman is the Ralph and Dorothy Keller Distinguished Service Professor Emeritus of Economics at the Booth School of Business, University of Chicago. He received his PhD in economics from the University of Chicago in 1965, and he has previously taught at the University of California, Los Angeles. He also served as senior staff economist for the President’s Council of Economic Advisers. He has been on the faculty of the University of Chicago’s School of Business since 1973.
Antitrust and Competition

The Durable Impact of Stigler’s Theory of Economic Regulation

Sam Peltzman
George Stigler’s “The Theory of Economic Regulation” was an early application of public choice reasoning to a practical problem—the work of regulatory agencies. It...
Antitrust and Competition

If One Monopoly Is Good for the Firm, Are Two Always Better? Aaron Director and the Tie-in Problem

Sam Peltzman
When IBM patented a punch card processing machine, it had the power to influence both the market of machines and punch cards, but this is...
Antitrust and Competition

Standard Oil and Antitrust: the Effects of Aaron Director's Socratic Method

Sam Peltzman
Aaron Director, who died 15 years ago, made important contributions to the analysis of business practices. None were ever published under his name. Professor...
Regulatory Capture

George Stigler on Regulation: Lessons for Today

Sam Peltzman
October 20 marks the 35th anniversary of George Stigler’s Nobel prize, the first of Booth School of Business’s grand total of eight Nobels. To...

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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.