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The Role of the State

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...
Antitrust and Competition

A New Merger Tool Protects Consumers from Limits of the Cournot Effect

Alessandro S. Kadner-Graziano
The widely accepted Cournot effect assumes that the merger of complementary firms benefits downstream firms and consumers (in addition to the merged firms themselves)...
Antitrust and Competition

User Hesitancy Increases Online Platforms’ Incumbency Advantage

Jacques Crémer
“Incumbency advantage” among Big Tech platforms recognizes that network effects prevent users from leaving established platforms for emerging competitors. Gary Biglaiser, Jacques Crémer, and...
Industrial Policy

The Case for Green Industrial Policy

John Van Reenen
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...
Economic History

Industrial Policy From Engels to Eisenhower

Brad DeLong
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...
Industrial Policy

How To Ensure Industrial Policy Promotes Public Over Private Gain

Lenore Palladino
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...
Fiscal Policy

More than Economics, Ideology Determines US Voters’ Preferences for Redistribution

Gustavo de Souza
The US stands out among developed economies for its comparatively low level of redistribution as a percentage of GDP. Gustavo de Souza examines the...
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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.