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The Digital Economy

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...
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...
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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.