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The Role of the State

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...
Antitrust and Competition

Eliminating Baseball’s Antitrust Exemption Won’t End the Georgia Political Boycott

Herbert Hovenkamp
There are good arguments for getting rid of baseball's long-standing exemption from antitrust laws, but the reason cited by Republican Senators angry at MLB’s...
Antitrust and Competition

Europe Lacks a Vision for How Apple’s App Store Fees Should Work

Randy Picker
The European Commission believes that Apple is violating European competition laws and raising prices for consumers in how it operates its App Store. The...
Antitrust and Competition

Lobbying for Globalization: How the Winners Dominate the Politics of Trade Agreements

Michael Blanga-Gubbay
Lobbying on free trade agreements has been dominated by a few very large firms, which experience large gains as a result of the entry...
Antitrust and Competition

The Biggest Problem Facing America: Misinformation-At-Scale

Joan Donovan
Technology companies must put community safety and privacy at the core of their business model, ensure that advertising technology is utilized responsibly, and quickly...
Antitrust and Competition

George Stigler’s Paper on Regulation and the Rise of Political Economy

Andrei Shleifer
George Stigler’s “The Theory of Economic Regulation” is not just the founding paper of economics of regulation. It is also a founding paper of...
Antitrust and Competition

Identifying the Market In the Facebook Antitrust Case

Herbert Hovenkamp
Facebook can be a monopolist over a cluster of noncompeting products that do not fit the standard economic definition of a “market.” The key...
Antitrust and Competition

Of Antitrust and Patents: the Quiet Return of the Status Quo at the DOJ’s Antitrust Division

Allen Grunes
Without Senate-confirmed political leadership, the Department of Justice quietly reverts to an Obama-era policy that favors Big Tech. The consistent theme running through Makan Delrahim’s...
Antitrust and Competition

Why We Need To Re-think Friedman’s Ideas About Monopolies

David Chan Smith
Friedman’s New York Times Magazine article on the social purpose of business was a specific intervention in the debate over shareholder activism and mentions...
Antitrust and Competition

The Real Dish on the T-Mobile/Sprint Merger: A Disastrous Deal From the Start

Melody Wang
The Trump-era DOJ’s decision to allow the T-Mobile/Sprint merger will go down as one of the worst merger-enforcement mistakes in decades. This merger will...
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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.