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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

Why Congress Should Pass the American Innovation and Choice Online Act

Fiona Scott Morton
The bill, which is the Senate is expected to vote on soon, would improve competition, increase innovation, benefit consumers, and provide the US with...
Antitrust and Competition

Neoliberal Economists Are Giving Biden Bad Advice on Inflation

Hal Singer
To spare the economy from the pain of further interest rate hikes, the President should aggressively pursue anticompetitive conduct by companies in concentrated industries...
Commentary

How Should Developing Countries Deal With Inflation? A Q&A With Raghuram Rajan

Tanya Thomas
Former central banker Raghuram Rajan speaks to ProMarket about how sources and remedies for inflation differ from the US in developing countries such as...
Antitrust and Competition

Larry Summers Cautions Antitrust Regulators Against Broad-Brush Policy

Brooke Fox
In a wide-ranging interview with ProMarket, Summers expands on recent criticism of top antitrust enforcement officials, efforts to stymie Big Tech, monopsony, and the...
Antitrust and Competition

Should The Competitive Process Test Replace The Consumer Welfare Standard?

Einer Elhauge
Jonathan Kanter, Assistant Attorney General for the Department of Justice Antitrust Division, recently gave a speech condemning the use of the consumer welfare standard...
Antitrust and Competition

The NCAA Goes After College Athletes’ NIL Money—Here are the Antitrust Implications for Workers and Consumers

Ted Tatos
Having lost in the Supreme Court on student-athlete academic benefits, the NCAA has signaled a continuing attempt to suppress competition in the rapidly growing...
Antitrust and Competition

How Europe Can Enforce the Digital Markets Act Effectively 

Alexandre de Streel
As the European Commission gets ready to embark on the complicated task of implementing the recently agreed-upon Digital Market Act, which would regulate Big...
Commentary

Nobel Laureate Oliver Hart on Empowering Twitter’s Shareholders

Brooke Fox
In an interview with ProMarket, Nobel laureate Oliver Hart explains why broadening our perspective on fiduciary duty beyond maximizing shareholder wealth could empower individual...
Antitrust and Competition

A Posner-Stigler Smoking Gun?

Herbert Hovenkamp
A memo from George Stigler and Richard Posner to the Reagan administration was recently unearthed. To understand the meaning behind the memo, as well...
Commentary

How to Optimize Russian Sanctions

Sandeep Baliga
Q&A with authors of a new paper aids the understanding of the difference between targeted and comprehensive sanctions, as well as their impact on...
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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.