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Commentary

An outlet for insiders to speak freely (as they remain anonymous to the reader) on what they perceive as problematic practices in their own industry – with an emphasis on how the industry tweaks the rules of the game and captures regulation.
“People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices. It is impossible indeed to prevent such meetings, by any law which either could be executed, or would be consistent with liberty and justice.” Adam Smith – An Inquiry into the Nature and Causes of the Wealth of Nations (1776)

Antitrust and Competition

Eleanor Fox: A Slice of Forgotten History and Its Light on the Future – Changing the Lens on Antitrust

Eleanor Fox
Eleanor Fox provides her round-one comments on the draft Merger Guidelines. To read more from the ProMarket Merger Guidelines Symposium, please see here.
Antitrust and Competition

Why Does the FTC Continue To Pursue Losing Cases?

Jay Ezrielev
The Federal Trade Commission has recently lost a series of cases seeking to prevent Big Tech mergers and acquisitions. Jay Ezrielev offers several possible explanations for why the FTC continues to pursue these bad cases and suggests how the agency can refocus its energies to better serve its mission to protect competition going forward.
Antitrust and Competition

Cory S. Capps and Leemore Dafny: A Conversation on the Draft Merger Guidelines

Cory S. Capps
Cory S. Capps and Leemore Dafny provide their round-one comments on the draft Merger Guidelines.
Commentary

When Foucault and the Austrian Liberals Agreed on the Impossibility of Political Rationality

Parv Tyagi
Philosopher Michel Foucault is often associated with the political left. Austrian liberals, including Ludwig von Mises and F.A. Hayek, are generally associated with libertarians or the political right. However, all shared a doubt regarding the government’s ability to use statistics and data to regulate populations and markets, writes Parv Tyagi.
Antitrust and Competition

Carl Shapiro: Why Dropping Market Power from the Merger Guidelines Matters

Carl Shapiro
Carl Shapiro provides his round-one comments on the draft Merger Guidelines.
Antitrust and Competition

Dennis Carlton: Have the Draft Guidelines Demoted Economics?

Dennis Carlton
Dennis Carlton provides his round-one comments on the draft Merger Guidelines.
Antitrust and Competition

European Digital Platform Regulation Risks Undermining Itself with Over-Centralization

Jörg Hoffmann
Recent European digital regulation surrenders traditional key guideposts of European competition law and policy. The over-centralization of European Union antitrust authority and EU legislation risks undermining member state laws and competences. This may privilege platforms and eventually harm competition and consumers, writes Jörg Hoffmann.
Antitrust and Competition

Brazil’s CADE Demonstrates How Antitrust Authorities Can Pursue Sustainability Goals

Victor Oliveira Fernandes
Antitrust scholars and authorities are debating how antitrust can and should align with green sustainability initiatives. A recent ruling from Brazil’s antitrust authority, the Administrative Council for Economic Defense, in approving the launch of a commercial platform for agricultural commodity traders to track global supply chain sustainability metrics, presents one case study on how to advance sustainability goals without compromising competition.
Antitrust and Competition

Randy Picker: Understanding Firm Entry and the Internal Growth Presumption in the Draft Merger Guidelines

Randy Picker
Randy Picker provides his round-one comments on the draft Merger Guidelines.
Antitrust and Competition

Steven Salop and Jennifer Sturiale: Vertical Merger Enforcement in the Draft Merger Guidelines

Steven Salop
Steven Salop and Jennifer Sturiale provide their round-one comments on the draft Merger Guidelines.
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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.