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The Role of the State

Antitrust and Competition

Antitrust Should Be Used as a Targeted Response to Employer Concentration, But It Can’t Do Everything

Gregor Schubert
A large and growing body of research demonstrates that employer concentration affects the wages of many American workers. Antitrust is an important tool in...
Antitrust and Competition

How to Fix the Courts’ Misuse of Economics

Michael L. Katz
Economics has a valuable role to play in antitrust enforcement, but the courts often base their antitrust decisions on unfounded empirical claims or the...
Antitrust and Competition

Antitrust and the FTC: Franchise Restraints on Worker Mobility

Herbert Hovenkamp
As currently formulated, antitrust’s rule of reason approach is not the best tool to deal with vertical noncompete agreements that limit worker mobility and...
Antitrust and Competition

How to Make the Market for Real Estate Agents More Competitive

Sophia Gilbukh
Delinking buyer and seller commissions will make markets for real estate agent services more competitive, allowing buyers and sellers to negotiate commissions and allowing for...
Antitrust and Competition

The FTC Was Correct to Withdraw the Vertical Merger Guidelines

Steven Salop
The 2020 Vertical Merger Guidelines, now withdrawn by the FTC, did not represent sound merger policy, argues Steven Salop; rather, they were overly defendant-friendly...
Antitrust and Competition

Why a “Whole-of-Government” Approach is the Solution to Antitrust’s Current Labor Problem

Hiba Hafiz
For the majority of America’s regulatory history, the problem of employer monopsony was understood as a competition policy issue that required direct government-wide labor...
Antitrust and Competition

Antitrust Law’s Unwritten Rules of Unfair Competition

Sandeep Vaheesan
Does the Sherman Act actually “protect competition, not competitors”? An examination of the case law reveals a more nuanced picture, in which the courts...
Antitrust and Competition

The New Brandeis Movement and International Antitrust Enforcement

Yair Eilat
US competition authorities’ top officials, being appointed by a recently-elected president to represent the will of the voters, have the legitimacy to use antitrust...
Antitrust and Competition

Lessons from the Past? How Ordoliberal Competition Theory Can Address Market Power in the Digital Age

Isabel Oakes
Some of the lessons uncovered by ordoliberal thinkers during the interwar period in Germany could help us tackle the current challenges posed by the...
Antitrust and Competition

Frances Haugen’s Leaking of the Facebook Papers Will Hurt Decision-Making at Tech Companies

Matt Perault
Despite Mark Zuckerberg’s assurances that Facebook will continue its research program, it seems almost inevitable that the company will narrow the scale and scope of 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.