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The Role of the State

Antitrust and Competition

The Paramount Decrees and the Deregulation of Hollywood Studios

G. Vaughn Joy
A landmark antitrust decision on Hollywood will sunset this year, paving the way for more major studios to overpower independent producers and exhibitors. A...
Antitrust and Competition

Antitrust Misunderstands Innovation. This Is How We Fix It.

Ketan Ahuja
Antitrust misunderstands innovation by focusing almost entirely on incentives to innovate to the neglect of questions regarding the ability to innovate through sharing knowledge...
Antitrust and Competition

Too Many Economists Are Using a Flawed Theory To Defend Dominant Platforms’ Self-Preferencing Practices

David J. Balan
Congress is currently considering two major bills that would regulate “self-preferencing” and related conduct by dominant digital platforms. Criticism of these bills is heavily...
Antitrust and Competition

Unfair Methods of Competition

Cory Doctorow
The FTC’s new policy on unfair methods of competition is an assertion of the original purpose of the agency, allowing it to take on...
Antitrust and Competition

Why Disruptive Innovation Has Declined Since 2000

James Bessen
Traditional accounts of the growing power of large firms implicate antitrust or political corruption. But in a recent book, economist James Bessen puts the...
Antitrust and Competition

How the Wrong Presumptions Led to the Wrong Conclusions in the United/Change Healthcare Merger

Theodosia Stavroulaki
On Sept. 19, a federal judge approved UnitedHealth Group’s acquisition of Change Healthcare over the concerns of the U.S. Department of Justice. The judge’s...
Antitrust and Competition

Understanding the Virtues of the Robinson-Patman Act Requires Understanding When It Is Most Effective

Roman Inderst
The literature on the benefits of the Robinson-Patman Act for consumer welfare is often contradictory. Professors Roman Inderst and Tommaso Valletti argue that sifting...
Antitrust and Competition

Event Notes: The Consumer Welfare Standard Is Dead, Long Live the Standard

Kirk Ott
It seems that the only thing academics and policymakers can agree about regarding the Consumer Welfare Standard is that it needs reforming. On April...
Antitrust and Competition

Fighting New Antitrust Rules Is a Bad Move for Big Tech

Brooke Fox
With new limits on platforms taking effect in the EU and U.S. politicians showing greater willingness to defy tech titans, companies would do better...
Antitrust and Competition

Can The Robinson-Patman Act Be Salvaged?

Herbert Hovenkamp
Adding to ProMarket’s discussion of the Robinson-Patman Act, Herbert Hovenkamp argues that – among other issues– the law was captured by special interests when...
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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.