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The Role of the State

Antitrust and Competition

American History Provides a Valuable Lesson on How Monopolists Use Exclusive Deals to Fortify Their Market Power

Daniel A. Hanley
Since the Civil War, dominant firms have widely and repeatedly used exclusive agreements to exert, expand, and fortify their market power. History shows that...
Antitrust and Competition

Rep. Cicilline’s Nondiscrimination Bill Would Offer a Lifeline to Independent App Developers

Hal Singer
Contrary to the naysayers, the American Choice and Innovation Online Act won’t result in naked iPhones or iPhones cluttered with hundreds of preinstalled apps. On...
Antitrust and Competition

States Beat NCAA, Feds in Race Towards Student-Athlete Pay

Tanyon Boston
For decades, NCAA amateurism regulations limited student-athlete benefits to scholarships and related stipends, even as revenues soared into the billion dollar range. Currently, the...
Antitrust and Competition

The House’s Recent Spate of Antitrust Bills Would Change Big Tech as We Know It

Randy Picker
If enacted, the five bills that were introduced in the House this month would represent the most dramatic statutory changes to US antitrust law...
Antitrust and Competition

How to Tame the Tech Giants: Reverse the Burden of Proof in Merger Reviews

Tommaso Valletti
Most tech acquisitions are approved without a hitch, despite growing evidence that they bring little benefit, because regulators are waging an uphill battle to...
Antitrust and Competition

Freiburg and Chicago: How the Two Worlds of Neoliberalism Drifted Apart Over Market Power and Monopolies

Thomas Biebricher
Early neoliberals tended to view market power and monopolies as phenomena that somehow had to be reined in by an institutional framework in order...
Antitrust and Competition

Congress’ Antitrust War On China and American Consumers

Herbert Hovenkamp
The latest bills currently debated in Congress regarding Big Tech—the US Innovation and Competition Act that was passed by the Senate this month and...
Antitrust and Competition

Fake Comments Cause Real Harm: How the Public Comment Process Was Corrupted

Harold Feld
Turning a blind eye to the corruption of the public comment process—or worse, lumping together genuine mass comments with fraudulent comments—corrupts the rulemaking process. At...
Antitrust and Competition

Henry Simons’s Positive Program for Laissez-Faire

Mario Rizzo
The 1930s were a difficult time for classical liberals. In response to the Great Depression, the federal government undertook a massive expansion of its...
Antitrust and Competition

George Stigler on Henry Simons, “Crown Prince” of the Chicago School

George Stigler
To mark 75 years since the passing of Henry Simons, professor of Economics and Law at the University of Chicago, ProMarket is republishing George...
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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.