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The Role of the State

Antitrust and Competition

“Consumer Welfare Is Dead”: What Do We Do Instead?—A Perspective from Europe

Cristina Caffarra
“Consumer Welfare” has lost its place as the animating value and standard for modern antitrust. The standard is almost universally regarded as bunk and...
Antitrust and Competition

Understanding the DOJ’s Decision To Seek a Jury Trial in the Google Ad Tech Case

Samuel Weinstein
The Department of Justice recently sued Google for conduct relating to its ad tech services, accusing the search giant of unlawful monopolization. In an...
Regulation

Gambling for Resurrection: How U.S. Banks Hedged Interest Rate Risk During 2022 Monetary Tightening

Amit Seru
Following a widely cited report on unrecognized bank losses due to interest rate rises, Amit Seru and his co-authors have taken a close look...
Commentary

Economists Are Still Right About Airline Deregulation!

Clifford Winston
Would increasing regulation of the U.S. airline industry resolve the issues that Americans have heard about and experienced in the past few months? Clifford...
Antitrust and Competition

Gauging Common Ownership in Fintech Markets

Anna Tzanaki
A new empirical paper estimates the scope and impact of common ownership in fintech markets. The authors find limited common ownership among private fintech...
Monetary Policy

Resolving the Banking Crisis

Peter DeMarzo
Following up their recent analysis of risk in the banking system, DeMarzo, Jiang, Krishnamurthy, Matvos, Piskorski and Seru argue that banks should be required...
Antitrust and Competition

“Consumer Welfare” and the Real Battle for the Soul of Antitrust

Eleanor Fox
The Stigler Center’s 2023 Antitrust and Competition conference seeks to answer the question: what lays beyond the consumer welfare standard? In advance of the discussions, ProMarket is publishing a...
Antitrust and Competition

The Consumer Welfare Standard is Too Tainted

Tim Wu
The Stigler Center’s 2023 Antitrust and Competition conference seeks to answer the question: what lays beyond the consumer welfare standard? In advance of the discussions, ProMarket is publishing a...
Antitrust and Competition

Show Your Work: Meaningful Disclosure and Antitrust Enforcement Goals

William E. Kovacic
The Stigler Center’s 2023 Antitrust and Competition conference seeks to answer the question: what lays beyond the consumer welfare standard? In advance of the discussions, ProMarket is publishing a...
Regulation

Crypto-Influencers Give Poor Investment Advice — and the SEC is Taking Notice

Joseph Pacelli
New research reveals that cryptocurrency advice from social media influencers could lead investors to lose money on average. Are regulators doing enough to protect...
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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.