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Big Tech

Antitrust and Competition

How the AT&T Case Can Inform Big Tech Breakups

Monika Schnitzer
Breaking up companies that antitrust regulators consider too dominant can be costly and might negatively impact innovation and consumer welfare. As economists and policymakers...
Antitrust and Competition

User Hesitancy Increases Online Platforms’ Incumbency Advantage

Jacques Crémer
“Incumbency advantage” among Big Tech platforms recognizes that network effects prevent users from leaving established platforms for emerging competitors. Gary Biglaiser, Jacques Crémer, and...
Big Tech

Twitter’s Corporate Leaders Pushed their Stakeholders under the (Musk) Bus

Lucian Bebchuk
In a new study, we examine whether, in negotiating the sale to Elon Musk, Twitter’s corporate leaders took into account the commitments to employees...
Big Tech

The Wicked Problem Embodied by The Twitter Files

Tom Ginsburg
In response to a recent ProMarket post about the Twitter Files, professor Tom Ginsburg points out that the toughest question lies in the meaning...
Big Tech

How Should the Law Tackle Rapidly Evolving Financial Technologies?

Oscar Borgogno
The last half-century has witnessed an explosion of technology changing how the financial landscape functions for customers and new and legacy banking providers alike....
Antitrust and Competition

Too Many Economists Are Using a Flawed Theory To Defend Dominant Platforms’ Self-Preferencing Practices

David J. Balan
Congress is currently considering two major bills that would regulate “self-preferencing” and related conduct by dominant digital platforms. Criticism of these bills is heavily...
Big Tech

The Economics of Content Moderation on Social Media

Rafael Jiménez-Durán
Social media platforms have moderated user-generated content since their inception. Economics helps us understand why they do it and how to regulate them. Social media...
Antitrust and Competition

The Tech Barons’ Ideological Platter

Maurice E. Stucke
Far from their self-promoted image as the world’s most innovative companies, the major tech platforms stifle plenty of innovation and invest in innovations that...
Antitrust and Competition

How to Design Data Protection Laws That Actually Work 

Filippo Lancieri
More and more countries are passing data protection laws, yet empirical studies show that these laws rarely deliver on their promises. A new paper...
Antitrust and Competition

The Critiques Against the American Innovation and Choice Online Act Miss the Mark

Aaron Schur
In an opinion piece, Yelp’s general counsel Aaron Schur argues that recent criticisms against the bill, which the Senate is expected to vote on,...
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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.