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The Role of the State

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

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...
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...
Antitrust and Competition

It’s OK to Ask for Help: An Antitrust Rooney Rule

Barak Richman
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...
Commentary

How To Really Fix Banking

Laurence Kotlikoff
Laurence Kotlikoff and Rick Miller argue that banking as we know it is dying. It’s time to arrange a smooth transition to limited purpose...
Antitrust and Competition

Structuring a Structural Presumption for Merger Review

Filippo Lancieri
The consumer welfare standard can’t be saved with more theory. The problem is how it works in practice, and solving that means changing the...
Antitrust and Competition

Race and the Consumer Welfare Standard

Bennett Capers
The consumer welfare standard employs a collective consumer in its model when evaluating possibly anticompetitive behavior. This aggregated approach fails to recognize that such...
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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.