News

In the 1990s, a host of antitrust rules impacting the television industry were repealed. Today’s streaming giants are exploiting the rollback and vertically integrating, a trend that will reduce the quality of TV shows and send us back to the era of network giants.

In late September, the United States Federal Trade Commission sued Amazon for using a set of anticompetitive strategies to maintain its monopoly in the online retail market. ProMarket asked four antitrust experts —two economists and two law professors —to discuss the foundations and strength of the complaint’s arguments, the history of similar cases, and the potential for a legal remedy.

William Megginson, Kedi Wang, and Junjie Xia find in new research that the Chinese Communist Party’s anti-corruption campaign produced worse firm performance by reducing managers’ risk tolerance.

Zephyr Teachout provides her Round-Two comments on the draft Merger Guidelines.

The Chinese Communist Party drastically reduced Hong Kong’s autonomy in 2020 with a national security law and has cracked down on resistance ever since. The consequences have left its people culturally and economically poorer, writes Casey Moser.

The Stigler Center invites submissions of short academic articles (up to 3,000 words) focused on mapping out how antitrust enforcement impacts the development of...

In light of the rise of generative artificial intelligence (AI) and recent debates about the socio-political implications of large-language models and chatbots, Manuel Wörsdörfer analyzes the strengths and weaknesses of the European Union’s Artificial Intelligence Act (AIA), the world’s first comprehensive attempt by a government body to address and mitigate the potential negative impacts of AI technologies. He recommends areas where the AIA could be improved.

The Big Fail co-author Bethany McLean — also co-host of Stigler Center podcast Capitalisn’t — sits down with ProMarket to discuss how concentration and played a role in the United States government’s response to the Covid-19 pandemic.

Claudia Goldin of Harvard University has been awarded the 2023 Nobel Prize in Economic Sciences. This column, written by two of her former students and now fellow scholars, outlines both the work on gender gaps in employment and wages for which she has been formally recognized, and her contributions to a broader agenda of understanding inequality in the labor market. Her research digs deep into the histories of education, technology and industrialization to uncover the drivers of inequalities in demand, supply, institutions and norms. And while her intellectual influence goes far beyond the study of gender gaps, she has inspired countless women to pursue the study of economics.

Pre-tenure scholars based at institutions outside the United States can now apply for the Stigler Center Affiliate Fellowship. Applications are due January 16.