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The Role of the State

Antitrust and Competition

More Than 20 Years of Consolidation Have Led to a Dysfunctional Health Care Market

Martin Gaynor
The US health care system is based on markets, which do not function as well as they could, or should. Prices are high and...
Antitrust and Competition

Invigorating Competition in Health Care Markets: Is Rate Regulation Needed?

Tim Greaney
It now appears that market concentration may be the leading cause of America’s health care cost crisis. If the United States is going to...
Antitrust and Competition

Fixing a Broken Antitrust Regime

Hal Singer
In her new book Antitrust, Senator Amy Klobuchar explains the origins of US antitrust law, diagnoses how the nation got derailed from the legislative...
Antitrust and Competition

The Profit Paradox: “What’s Good for Firms Is Not Necessarily Good for the Workers”

Asher Schechter
In an interview with ProMarket, Jan Eeckhout discusses his new book The Profit Paradox and explains how market power brings down wages, even if...
Antitrust and Competition

Let’s Not Forget George Stigler’s Lessons about Regulatory Capture

Susan E. Dudley
George Stigler’s theory of economic regulation opened our eyes to the rent-seeking that undermines the public interest. Yet many in positions to influence policy...
Antitrust and Competition

Concentration in the EU: Where It is Increasing and Why

Pauline Affeldt
Increasing concentration is not unique to the US—recent studies show that concentration is rising in Europe as well, although to a lesser extent than...
Antitrust and Competition

Why Are So Few Law Professors Interested in Antitrust?

Daniel Crane
Over the past five years, there have been 417 self-reported new US law professor hires. Over those five years, only seven candidates have reported...
Antitrust and Competition

James M. Buchanan Trusted Market Mechanisms Because He Trusted Individuals

Alain Marciano
James Buchanan, one of the most influential economists of the twentieth century, believed that individuals were able to voluntarily devise private and market-like institutional...
Antitrust and Competition

Opening the Black Box: The Hidden Costs of Data-Driven Mergers in Health Care

Theodosia Stavroulaki
Vertical data-driven mergers between health insurers and drug suppliers may facilitate health insurers’ efforts to discriminate against vulnerable populations, leaving them without meaningful access...
Antitrust and Competition

Barriers to Entry as Another Source of Top Income Inequality

Philippe Aghion
A new book, The Power of Creative Destruction, explores how lobbying contributes to the increase in the top 1 percent’s share of income. An...
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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.