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Media

Effective media scrutiny can help mitigate many of the problems that lead to regulatory capture, by helping the polity to become informed and mobilized. But what are the conditions that create effective media scrutiny? And why do we observe so little of it in reality?
“Publicity is justly commended as a remedy for social and industrial diseases. Sunlight is said to be the best of disinfectants; electric light the most efficient policeman.” Justice Louis D. Brandeis

Antitrust and Competition

What Bernie Sanders’s Plan to Save American Journalism Gets Right – and What It Misses

Andrea Prat
Independent and effective news reporting is at the heart of the democratic process. The dangers to media plurality and local journalism that Sanders identifies...
Antitrust and Competition

We Need to Deal With WhatsApp's Misinformation Problem

Prateek Raj
A peculiar feature of WhatsApp groups has made the spread of misinformation much easier. We need better design guidelines for platforms like WhatsApp, ones...
Antitrust and Competition

How the Adtech Market Incentivizes Profit-Driven Disinformation

Joshua Braun
If we want to solve the disinformation crisis, we need to fix the perverse incentives created by the online advertising market through structural and...
Antitrust and Competition

The Decline of American Journalism Is an Antitrust Problem

Sally Hubbard
Weak antitrust enforcement set the stage for Facebook and Google to extract the fruits of publishers’ labor. We won’t be able to save journalism...
Antitrust and Competition

How to Protect the News Media in the Age of Digital Platforms

ProMarket writers
Digital platforms present a new formidable threat to the news media that market forces will not correct if left to their own devices. The...
Media

How the Legal System Helps the Media Hold the Powerful to Account

Roy Shapira
The legal system is the bloodline of investigative journalism. Recent maneuvers by the Trump administration may jeopardize it.     When done effectively, investigative journalism can greatly...
Income Inequality

Watch: Raghuram Rajan on How Markets and States Leave Communities Behind

ProMarket writers
In a recent Stigler Center conversation with Luigi Zingales, Rajan talked about his new book The Third Pillar and explained why today’s populists “are...
Media

“Emmanuel Macron Is Not a Liberal, He Just Pretends to Be”

Guy Rolnik
The French president found himself under fire following an attempted police raid on the offices of the investigative news site Mediapart. While many around...
Antitrust and Competition

Social Media Clickwraps and the “Manufacture of Consent”

Jonathan Obar
A new study identifies a political economic interface design strategy that threatens privacy protections by maintaining “the biggest lie on the internet.” We check the...
Media

The News Media’s Business Model of Extortion

Guy Rolnik
The Jeff Bezos vs. The National Enquirer scandal highlights the role that extortion may play in the business model of some news outlets.  Jeff Bezos’s...
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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.