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The Role of the State

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...
Antitrust and Competition

When Do Users Benefit From Platform Mergers?

Chiara Farronato
A new paper shows that platform mergers can harness network effects at the cost of reducing the platform differentiation that users value.  The societal importance...
Antitrust and Competition

The Covid-19 Pandemic Should Not Delay Actions to Prevent Anticompetitive Consolidation in US Health Care Markets

Leemore Dafny
Harvard Business School professor Leemore Dafny lays out potential reforms to assist agencies in halting anticompetitive acquisitions and practices, and to preserve and promote...
Antitrust and Competition

Who Benefits From Competitive State-Level Legislatures?

Manav Raj
A new paper finds that when interparty competition in state legislatures is high, well-connected and influential incumbent firms are best able to take advantage...
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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.