type here...

Regulatory Capture

When regulation protects narrow interests – usually the interests of the incumbent industry – at the expense of the public interest. Capture occurs in various ways: from straightforward bribes and threats, to more implicit quid pro quos such as the lucrative future employment (revolving door), to softer forms of cognitive/cultural capture.
“… as a rule, regulation is acquired by the industry and is designed and operated primarily for its benefit.” George Stigler – The Theory of Economic Regulation (1971)

Antitrust and Competition

Antitrust Law’s Current Stance Toward Workers Violates Its Original Purpose to Balance Power With Powerful Firms

Sanjukta Paul
Antitrust law’s present-day bias against democratic cooperation and in favor of top-down corporate control has contributed more broadly to the institutional weakness and perceived...
Antitrust and Competition

The Chicken/Egg Problem With Google Search That Prevents Competition

Filippo Lancieri
Google controls the British search market, according to the UK's Competition and Markets Authority. Its 90 percent market share and profits from general search are...
Academic Capture

With the Court Approval of the T-Mobile/Sprint Merger, the Dominant Doctrine in Antitrust Has Jumped the Shark

Matt Stoller
New York Judge Victor Marrero allowed two major mobile companies to merge in an already concentrated telecom industry, ensuring that prices will rise and...
Antitrust and Competition

Google’s and Facebook’s Grip on Digital Advertising Markets

Filippo Lancieri
Since July 2019, the UK's Competition and Markets Authority has been conducting an extensive investigation of the digital advertising market. In its preliminary report on...
Antitrust and Competition

Can Google Mobilize Its Users to Lobby Elected Officials?

ProMarket writers
Google has an 87 percent market share in the search business and the potential to mobilize more voters than the Democratic primaries, according to...
Antitrust and Competition

How to Regulate Digital Platforms: A Database

Filippo Lancieri
Over the past couple of years, many antitrust authorities commissioned expert groups or released working papers addressing different areas of digital policy. For the...
Antitrust and Competition

A Majority of Americans Don’t Trust Facebook, One Third Supports Breaking It Up

ProMarket writers
The annual Chicago Booth/Kellogg School Financial Trust Index survey shows that 73 percent of Americans disapprove of Facebook’s policy not to fact-check political ads....
Antitrust and Competition

Like Microsoft, but With More Glitter: The Cheerleading Monopoly Problem

Matt Stoller
Cheerleading is a huge part of American culture. It’s also an expensive sport, especially after a company called Varsity Brands bought the National Cheerleader...
Antitrust and Competition

Antitrust’s Monopsony Problem

Sandeep Vaheesan
Four cases from the past decade alleging employer collusion against workers show that at present, antitrust law is ill-equipped to protect workers. A root...
Income Inequality

A New Capitalisn't Episode: The Controversial Tax Policies Of Emmanuel Saez

ProMarket writers
In a new episode of their podcast Capitalisn't, Luigi Zingales and Kate Waldock interview UC Berkeley professor Emmanuel Saez on tax policy, the wealth...
1...121314...31Page 13 of 31

Latest news

View All

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.