The Role of the State

In part I of a two-part series, Michael A. Carrier outlines the evidence behind the government’s recent lawsuit against Live Nation and its subsidiary, Ticketmaster, for monopolizing the live entertainment market. Part II will come out tomorrow.

In new research, Tommaso Crescioli & Toon Van Overbeke find that small business owners and their families who have lost revenue share to rising market concentration among big businesses have turned to far-right political parties to express their grievances.

W.C. Bunting and Tomer Stein investigate the role of amicus curiae process in the development of business law cases at the state level. The findings reveal that the business law amicus curiae process is dominated by lobbying groups, particularly by associations serving big business, and that these "Amicus Lobbying" efforts have a higher success rate compared to non-lobbying groups.

Roslyn Layton highlights a recent data breach that exposed the personal information of millions of customers, including those who never directly used Ticketmaster's services, underscoring concerns about the company's data collection practices and market dominance.

Concerns about market concentration and its effects on competition are at the heart of antitrust policy. Will Macheel explains the Herfindahl-Hirschman Index (HHI) as a common measure of market concentration, its implications for United States antitrust policy, and potential drawbacks of the measure. He closes the article by highlighting research on the HHI as a regulatory tool for screening mergers.

The following is an excerpt from the book Law, Development and Regulatory Globalisation The Case of the World Bank in India's Electricity Sector, by Adithya Chintapanti.

ProMarket Student Editor Surya Gowda speaks with Georgetown University postdoctoral fellow Katie J. Wells about her new book with Kafui Attoh and Declan Cullen, Disrupting D.C.: The Rise of Uber and the Fall of the City. Wells discusses how Uber stepped in to solve local government failures, but introduced new problems in the process.

Eric A. Posner argues that merger review would benefit from involving union representatives to protect labor interests.

Gus Hurwitz replies to Jonathan Masur and Eric Posner’s May 8 article defending the Federal Trade Commission’s Congressional mandate to enforce a rule banning noncompetes. He argues that Congressional responses to FTC rulemaking in the 1970s suggest courts are unlikely to find that the FTC possesses such authority, either as a matter of statutory interpretation or under the major questions doctrine.

In a new paper, Sebastian Edwards details the numerous and varied contributions of University of Chicago faculty to exchange rates and monetary policy from 1892 to 1992.