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The Role of the State

Antitrust and Competition

Locating Competitive Process Claims in the Consumer Welfare Debate

Andrew I. Gavil
Debates about the consumer welfare standard have failed to produce a consensus around either its scope or an alternative standard. Regardless of the outcome...
Antitrust and Competition

The Life of Antitrust’s Consumer Welfare Model

Herbert Hovenkamp
“Consumer welfare” as an objective of antitrust law and regulation has its origins in several vague and even conflicting ideas of how to evaluate...
Regulation

Changing Accounting Rules for Banks can Incentivize Better Risk Mitigation

Brooke Fox
Accounting procedures for held-to-maturity assets in banks allows them to avoid taking losses. Research from professors Bischof, Laux, and Leuz shows how forcing banks...
Antitrust and Competition

Meta-Within Should Be Viewed in the Context of Meta’s Broader Efforts To Monopolize Social Networking

Brandon Nye
A California court recently denied the FTC’s motion to block the Meta-Within merger. Brandon Nye writes that the FTC could have expanded its argument...
Antitrust and Competition

Toward a Market Power Standard for Merger Review

Eric A. Posner
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...
Antitrust and Competition

The Reasonable Competitive Conduct Standard for Antitrust

Steven Salop
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...
Antitrust and Competition

Antitrust Needs Better Models for Estimating Social Welfare in the Digital Age

Seth G. Benzell
In a forthcoming article, Seth Benzell and Felix Chang explore how antitrust regulators can use insights from a new quantitative model of Facebook that...
Regulation

Destabilizing Digital “Bank Walks”

Naz Koont
Bank regulators have always assumed that bank deposits are ‘sticky,’ but the advent of digital banking is changing that. New research focuses not on...
Regulation

Electricity Markets Must Liberalize if We Are To Decarbonize Energy

Matteo Romagnoli
In new research, Matteo Romagnoli argues that for the electricity sector to decarbonize as part of the broader green transition, regulators must liberalize markets...
Antitrust and Competition

Data, Context and Competition Policy

Elettra Bietti
Data has a tendency to be misunderstood. It is often compared to a raw material like oil, waste, or capital. Elettra Bietti argues that...
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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.