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The Digital Economy

Antitrust and Competition

Antitrust Needs Better Models for Estimating Social Welfare in the Digital Age

Seth G. Benzell
In a forthcoming article, Seth Benzell and Felix Chang explore how antitrust regulators can use insights from a new quantitative model of Facebook that...
Regulation

Destabilizing Digital “Bank Walks”

Naz Koont
Bank regulators have always assumed that bank deposits are ‘sticky,’ but the advent of digital banking is changing that. New research focuses not on...
Antitrust and Competition

Data, Context and Competition Policy

Elettra Bietti
Data has a tendency to be misunderstood. It is often compared to a raw material like oil, waste, or capital. Elettra Bietti argues that...
Big Tech

Capitalisn’t: What’s in the Twitter Files and What Does It Mean?

ProMarket writers
In the March 30 episode of Capitalisn’t, Bethany McLean and Luigi Zingales discuss the Twitter Files, why so much of the mainstream media has...
Antitrust and Competition

Self-Preferencing Theories Need To Account for Exploitative Abuse

Patrice Bougette
Patrice Bougette, Oliver Budzinski, and Frédéric Marty argue in their research that antitrust authorities on both sides of the Atlantic must take into consideration...
Antitrust and Competition

Startup Acquisitions Have Undecided Effects on Innovation and Economic Growth

Christian Fons-Rosen
Startups are a major driver of innovation, but many startups are acquired by large incumbents. Do these acquisitions stifle innovation or promote it? While...
Big Tech

Can Twitter Be a Force for Good? Social Media Helps Curb Corporate Misconduct

Jonas Heese
Collective shaming on social media is crucial in reducing corporate misbehavior — and society would be significantly worse off without watchdog platforms. Social media, once...
Antitrust and Competition

The DOJ’s AdTech Suit Against Google Is Anything but Unconventional

Salil Mehra
The U.S. Department of Justice and eight states recently sued Google, claiming it runs its digital ad business to unfairly advantage its own business,...
Antitrust and Competition

Why “The Jury’s Out” on the Government’s Case Against Google’s Ad Tech Monopoly

Harry First
Last month, the U.S. Department of Justice and eight states sued Google, claiming it runs its digital ad business to unfairly advantage its own...
Antitrust and Competition

An Excessive Evidentiary Burden Sunk the FTC’s Case Against the Meta/Within Merger

Steven Salop
In early February, a district court judge rejected the FTC’s preliminary injunction suit to block Meta’s purchase of Within, a developer of a virtual...
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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.