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Antitrust and Competition

Identifying the Market In the Facebook Antitrust Case

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

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

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

Rethinking Competition: From Market Failures to Ecosystem Failures

Michael G Jacobides, Ioannis Lianos
Despite the overwhelming importance of digital platforms, and the chatter around their recent rise, our understanding of digital ecosystems is still limited....
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Antitrust and Competition

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

Paolo Buccirossi, Emilio Calvano, Tomaso Duso
Is the relief sought by the FTC in its case against Facebook the right way to go? In principle, yes. However, the...
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Antitrust and Competition

A Simple Way to Measure Tipping in Digital Markets

Nicolas Petit, Natalia Moreno Belloso
Digital markets are prone to “tipping.” Policymakers are starting to look at tipping as a market failure worthy of consideration. But as...
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Antitrust and Competition

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

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

The Irony in Senator Klobuchar’s Antitrust Bill

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

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

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

Forcing Interoperability on Tech Platforms Would Be Difficult to Do

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

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

Asher Schechter
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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Antitrust and Competition

How to Make the Market for Real Estate Agents More Competitive

Sophia Gilbukh, Paul Goldsmith-Pinkham, Michael Sinkinson
Delinking buyer and seller commissions will make markets for real estate agent services more competitive, allowing buyers and sellers to negotiate commissions...
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Corporate Governance

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

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

Addressing Climate Change Must Begin with Verifiable Carbon Accounting

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

The FTC Was Correct to Withdraw the Vertical Merger Guidelines

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

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

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

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

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

Antitrust Law’s Unwritten Rules of Unfair Competition

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