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The Digital Economy

Big Tech

The Digital Society: “We Live in a World Obsessed With Cost Cutting”

Jana Kasperkevic
In an interview about his new book, The Inglorious Years, economist Daniel Cohen explores the emergence of the digital society and its never-ending pursuit...
Big Tech

How Twitter Weakened India’s Information Ecosystem

Prateek Raj
India’s Covid-19 crisis is a reminder that Indian democracy is also in a crisis, partly due to an information ecosystem where facts and criticism...
Antitrust and Competition

The Biggest Problem Facing America: Misinformation-At-Scale

Joan Donovan
Technology companies must put community safety and privacy at the core of their business model, ensure that advertising technology is utilized responsibly, and quickly...
Antitrust and Competition

Identifying the Market In the Facebook Antitrust Case

Herbert Hovenkamp
Facebook can be a monopolist over a cluster of noncompeting products that do not fit the standard economic definition of a “market.” The key...
Antitrust and Competition

Why Big Tech Companies Should Engage With Academia, and Why They Don’t

Tommaso Valletti
“Academic engagement” of a Big Tech firm: that job should exist. But it has not happened, and it probably won’t happen, unless we get...
Antitrust and Competition

Rethinking Competition: From Market Failures to Ecosystem Failures

Michael G Jacobides
Despite the overwhelming importance of digital platforms, and the chatter around their recent rise, our understanding of digital ecosystems is still limited. As such,...
Antitrust and Competition

Facebook Break-up Can Be Feasible, Efficient, and Ultimately Beneficial to Consumers

Paolo Buccirossi
Is the relief sought by the FTC in its case against Facebook the right way to go? In principle, yes. However, the FTC might...
Antitrust and Competition

A Simple Way to Measure Tipping in Digital Markets

Nicolas Petit
Digital markets are prone to “tipping.” Policymakers are starting to look at tipping as a market failure worthy of consideration. But as much as...
Antitrust and Competition

Senator Klobuchar’s Antitrust Bill Doesn’t Go Far Enough

Eric A. Posner
Senator Klobuchar’s bill includes many useful proposals to bolster antitrust enforcement, but the antitrust laws have been so weakened by the courts and by...
Antitrust and Competition

The Irony in Senator Klobuchar’s Antitrust Bill

Thomas A. Lambert
The antitrust reform bill recently proposed by Senator Amy Klobuchar (D-MN) purports to fix problems caused by antitrust courts’ reliance on “inaccurate economic assumptions.”...
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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.