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The Digital Economy

Antitrust and Competition

Giving Away Our Data for Free is a Market Failure

Nicholas Economides
By convincing users to give away their data for free, digital platforms have caused a market failure. This failure benefits them and harms us,...
Antitrust and Competition

False News Has a Long History—But Those In Power Failed To Heed It

Samuel Woolley
In his book The Reality Game: How the Next Wave of Technology Will Break the Truth, Samuel Woolley explores how governments failed to foresee...
Antitrust and Competition

The Great Deplatforming: Can Digital Platforms Be Trusted As Guardians of Free Speech?

Robert Sprague
Online social media platforms accepted the role of moderating content from Congress in 1996. The Great Deplatforming that occurred after January 6 was less...
Antitrust and Competition

Digital Platforms May Be Monopolistic Providers, But They Are Not Infrastructure

Carlo Amenta
Social media platforms are not infrastructure nor natural monopolies, and they should be regulated only if they have monopolistic power and abuse it. Free...
Antitrust and Competition

The Digital Markets Act Represents a Change in Europe’s Approach to Digital Gatekeepers

Florence G’sell
The Digital Markets Act is not a competition tool as such. Rather, it is a market regulation whose main objective is to guarantee equal...
Antitrust and Competition

There Are Lots of Competition Problems on the Internet. Parler’s Takedown Is Not One of Them.

Hal Singer
Parler’s antitrust case against Amazon is doomed, and there is no basis for Congress to impose any special duties on Amazon to deal with...
Antitrust and Competition

“An Offer We Can’t Refuse”: How We Gave Away Our Data and Made Big Tech What It Is Today

Tommaso Valletti
WhatsApp’s new terms of service should come as no surprise. For years, Big Tech has been offering its users these “take it or leave...
Antitrust and Competition

Paul Romer: “If You Think Moderation is Censorship, You’ve Got a Competition Problem”

Jana Kasperkevic
During a Stigler Center keynote webinar, Nobel laureate Paul Romer discussed concentration problems in the US and possible solutions, including a “pigouvian” tax, flexible...
Big Tech

The “Next Frontier of Propaganda”: Micro-Influencers are Paid to Spread Political Messages, Disinformation

Jana Kasperkevic
Online influencers aren’t in the business of promoting just products anymore. New research finds that micro-influencers are increasingly used to spread political messages and...
Antitrust and Competition

Digital Markets Act: Policy Choices and Conditions for Success

Alexandre de Streel
Last month, the European Commission introduced an ambitious new set of rules for digital platforms, the Digital Markets Act. Here is what it says,...
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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.