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The Role of the State

Antitrust and Competition

A Simple Way to Measure Tipping in Digital Markets

Nicolas Petit
Digital markets are prone to “tipping.” Policymakers are starting to look at tipping as a market failure worthy of consideration. But as much as...
Antitrust and Competition

Revisiting Ohio vs. American Express: It’s Time for a More Nuanced Approach to Market Definition

Caio Mario da Silva Pereira Neto
Nearly three years ago, the Supreme Court decided the case of Ohio vs. American Express, which turned out to be one of the most...
Antitrust and Competition

Competition for Extortion: Evidence from 50,000 Extortion Payments in El Salvador

Zach Y. Brown
A new paper explores how truce deals between gangs are equivalent to collusion, and result in higher extortion prices that have negative consequences for...
Antitrust and Competition

“Power Is Evil in Itself”: The Ordoliberal Quest for a Privilege-Free Order

Stefan Kolev
The lesson from the quest of German ordoliberals for a privilege-free order from the 1930s to the 1950s is that once in motion, the...
Antitrust and Competition

Green Antitrust: Why Would Restricting Competition Induce Sustainability Efforts?

Maarten Pieter Schinkel
While “green” antitrust is gaining momentum, its key premise—that restricting competition would incentivize companies to jointly take more sustainability initiatives—finds little or no ground...
Antitrust and Competition

The Texas Blackouts and the Problems of Electricity Market Design

Georg Rilinger
Even in an ideal electricity market, reliability is an elusive and precarious byproduct of companies’ search for profits. Since market designers are rarely in...
Antitrust and Competition

Senator Klobuchar’s Antitrust Bill Doesn’t Go Far Enough

Eric A. Posner
Senator Klobuchar’s bill includes many useful proposals to bolster antitrust enforcement, but the antitrust laws have been so weakened by the courts and by...
Antitrust and Competition

The Irony in Senator Klobuchar’s Antitrust Bill

Thomas A. Lambert
The antitrust reform bill recently proposed by Senator Amy Klobuchar (D-MN) purports to fix problems caused by antitrust courts’ reliance on “inaccurate economic assumptions.”...
Antitrust and Competition

Morale At the DOJ’s Antitrust Division Has Plummeted. Here’s How to Fix It

John Newman
The Biden administration should work to reverse the declining morale since a re-energized Antitrust Division will translate into more effective, innovative enforcement efforts.   The...
Antitrust and Competition

Forcing Interoperability on Tech Platforms Would Be Difficult to Do

Randy Picker
Governments around the world seem to be on a path to turn the leading tech firms into public utilities. Interoperability is likely to be...
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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.