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The Role of the State

Fiscal Policy

Are Sovereign Green Bonds Anything More than a Fad?

Daniel C. Hardy
It has become fashionable for governments to issue “green” bonds to fund the transition to sustainability. However, sovereign green bonds as currently designed have...
Antitrust and Competition

The DOJ’s AdTech Suit Against Google Is Anything but Unconventional

Salil Mehra
The U.S. Department of Justice and eight states recently sued Google, claiming it runs its digital ad business to unfairly advantage its own business,...
Antitrust and Competition

Why the Antitrust Agencies Should Consider Prior Bad Acts in Merger Review

Michael A. Carrier
As the federal antitrust agencies consider revising the merger guidelines, they should add consideration of the merging parties’ previous bad acts, write Michael A....
Commentary

Enrolling Capitalism in the Fight Against Climate Change

Alessio Terzi
Environmentally conscious critics of contemporary capitalism often highlight the system’s permissiveness toward egregious pollutant activities, typically enjoyed by the ultra-wealthy. Using private jet ownership...
Industrial Policy

Industrial Policy Can’t Ignore Geography

Mark Muro
Industrial policy was once so out of fashion that it was jokingly called “the policy that shall not be named.” Now it’s back in...
Antitrust and Competition

Reclaiming The Antitrust Law Of Potential Competition Mergers

Herbert Hovenkamp
In order to discuss the Meta/Within merger decision, it is important to understand the legal underpinnings and history of competition merger cases. Most mergers that...
Antitrust and Competition

Why “The Jury’s Out” on the Government’s Case Against Google’s Ad Tech Monopoly

Harry First
Last month, the U.S. Department of Justice and eight states sued Google, claiming it runs its digital ad business to unfairly advantage its own...
Antitrust and Competition

An Excessive Evidentiary Burden Sunk the FTC’s Case Against the Meta/Within Merger

Steven Salop
In early February, a district court judge rejected the FTC’s preliminary injunction suit to block Meta’s purchase of Within, a developer of a virtual...
Industrial Policy

Biden Embraces Buy America, Doubles Down on Trade Protection

Gary Clyde Hufbauer
Industrial policy was once so out of fashion that it was jokingly called “the policy that shall not be named.” Now it’s back in...
Antitrust and Competition

How the AT&T Case Can Inform Big Tech Breakups

Monika Schnitzer
Breaking up companies that antitrust regulators consider too dominant can be costly and might negatively impact innovation and consumer welfare. As economists and policymakers...
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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.