Digital Platforms

Identifying the Market In the Facebook Antitrust Case

Facebook can be a monopolist over a cluster of noncompeting products that do not fit the standard economic definition of a “market.”...

Why Big Tech Companies Should Engage With Academia, and Why They Don’t

“Academic engagement” of a Big Tech firm: that job should exist. But it has not happened, and it probably won’t happen, unless...

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....

Facebook Break-up Can Be Feasible, Efficient, and Ultimately Beneficial to Consumers

Is the relief sought by the FTC in its case against Facebook the right way to go? In principle, yes. However, the...

A Simple Way to Measure Tipping in Digital Markets

Digital markets are prone to “tipping.” Policymakers are starting to look at tipping as a market failure worthy of consideration. But as...

Senator Klobuchar’s Antitrust Bill Doesn’t Go Far Enough

Senator Klobuchar’s bill includes many useful proposals to bolster antitrust enforcement, but the antitrust laws have been so weakened by the courts...

The Irony in Senator Klobuchar’s Antitrust Bill

The antitrust reform bill recently proposed by Senator Amy Klobuchar (D-MN) purports to fix problems caused by antitrust courts’ reliance on “inaccurate...

Morale At the DOJ’s Antitrust Division Has Plummeted. Here’s How to Fix It

The Biden administration should work to reverse the declining morale since a re-energized Antitrust Division will translate into more effective, innovative enforcement...

Forcing Interoperability on Tech Platforms Would Be Difficult to Do

Governments around the world seem to be on a path to turn the leading tech firms into public utilities. Interoperability is likely...

What Would Lina Khan’s FTC Nomination Mean For the Future of Antitrust Enforcement?

If confirmed, Khan’s nomination potentially heralds a profound shift in the way that antitrust law is enforced and discussed in the US.

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How to Make the Market for Real Estate Agents More Competitive

Delinking buyer and seller commissions will make markets for real estate agent services more competitive, allowing buyers and sellers to negotiate commissions...

Dislocation, Dislocation, Dislocation: Covid, the Retail Crisis, and REITs

In an excerpt from his new book Retail Recovery, retail expert and author Mark Pilkington explores the impact of the sector's decline...

Addressing Climate Change Must Begin with Verifiable Carbon Accounting

Robert Kaplan and Karthik Ramanna propose a new approach for verifiable accounting on indirect corporate emissions that would apply to all corporations,...

The FTC Was Correct to Withdraw the Vertical Merger Guidelines

The 2020 Vertical Merger Guidelines, now withdrawn by the FTC, did not represent sound merger policy, argues Steven Salop; rather, they were...

The Chicago Planning Program and the Interdisciplinary Tradition of the Chicago School

The Chicago Planning Program, an interdisciplinary program that operated at the University of Chicago between 1947 and 1956, is an often-neglected part...

Why a “Whole-of-Government” Approach is the Solution to Antitrust’s Current Labor Problem

For the majority of America’s regulatory history, the problem of employer monopsony was understood as a competition policy issue that required direct...

Antitrust Law’s Unwritten Rules of Unfair Competition

Does the Sherman Act actually “protect competition, not competitors”? An examination of the case law reveals a more nuanced picture, in which...