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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

Split the Legal, Economic and Policy Arguments of the Draft Merger Guidelines

Fiona Scott Morton
To support the Agencies’ goals of stronger antitrust enforcement, Fiona Scott Morton recommends breaking the draft Merger Guidelines into three documents that clarify the Guidelines’ legal and economic justifications and overarching goals and priorities.
Antitrust and Competition

Randy Picker: A Brief for the Public?

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

Guidelines to Match the Moment

Erik Peinert
Erik Peinert compares the changes in the draft Merger Guidelines with those of the past. He points out that the shift is a necessary measure to enhance enforcement in the current economic environment.
Antitrust and Competition

Cory S. Capps & Leemore Dafny: A Conversation on the Draft Merger Guidelines, Round II

Cory S. Capps
Cory S. Capps and Leemore Dafny provide their round-two comments on the draft Merger Guidelines. To read more from the ProMarket Merger Guidelines Symposium, please see here. Cory: By...
Antitrust and Competition

Merger Guidelines: Taking on a Monopoly Crisis

Matt Stoller
Matt Stoller lays out the case for the new draft Merger Guidelines, arguing that they incorporate new lessons regarding technology and business practices, while also learning from past mistakes.
Antitrust and Competition

Dennis Carlton: The Draft Merger Guidelines Demote Economics To Justify Aggressive Antitrust Enforcement

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

Steven Salop: Burdens of Proof and Presumptions in the Merger Guidelines

Steven Salop
Steven Salop provides his round-two comments on the draft Merger Guidelines.
Antitrust and Competition

Eric Posner: The Role of Consumer Welfare in Merger Enforcement

Eric A. Posner
Eric Posner provides his round-two comments on the draft Merger Guidelines.
Antitrust and Competition

Eleanor Fox: Tackling the Critics of the Draft Merger Guidelines

Eleanor Fox
Eleanor Fox provides her round-two comments on the draft Merger Guidelines.
Antitrust and Competition

Carl Shapiro: How Would These Draft Guidelines Work in Practice?

Carl Shapiro
Carl Shapiro provides his round-two comments on the draft Merger Guidelines.
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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.