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The Role of the State

Antitrust and Competition

Paid to Show the Drug Works: Why “Blind” Clinical Trials for New Drugs are Far Less Blind Than They Should Be

Jessie Wrobel
New research shows that physicians in industry-sponsored trials are more captured by pharmaceutical companies than physicians in unsponsored ones. Economists love health care because it...
Antitrust and Competition

It Is Such a Small World: The Market-Design Academic Community Evolved in a Business Network

Stefano Feltri
Private equity funds such as Michael Dell's MSD Capital made hundreds of millions of dollars in profits from the 2017 FCC spectrum auction, thanks...
Antitrust and Competition

How Market Design Economists Helped Engineer a Mass Privatization of Public Resources

Glen Weyl
In 2017, the Federal Communications Commission conducted a complex two-sided auction to reallocate spectrum from broadcasters to mobile communications companies. The way economists designed...
Antitrust and Competition

The Death of Independent Podcasting: What Spotify Is Trying to Do With the Joe Rogan Deal

Matt Stoller
Spotify is gaining power over podcast distribution by either buying production directly or striking exclusive deals, as it did with Rogan. Once it has...
Antitrust and Competition

Amazon-Owned Movie Theaters: the Next Step in Entertainment Industry Consolidation

Matt Stoller
Amazon is in talks to buy AMC Theaters, whose business model was jeopardized by the coronavirus pandemic. Other streaming companies, such as Disney and...
Antitrust and Competition

Launching the New, Improved ProMarket

ProMarket writers
We are very excited to present to you our new design for ProMarket. In addition to our usual mix of articles based on academic...
Antitrust and Competition

The Price of Democracy: a Webinar with Julia Cagé, Andrea Prat, and Guy Rolnik

ProMarket writers
At this trying time, there is a particularly high demand for reliable and trustworthy information. To address this demand by Booth students, alumni, faculty,...
Antitrust and Competition

Much of Antitrust Law Today Is Based on Unsupported or Demonstrably False Economic Theories. Will Economists Take Heed?

Sandeep Vaheesan
Many of the economic assumptions of contemporary antitrust law are unsupported or false, as the executive branch and judiciary have remade the law in...
Antitrust and Competition

How Airline Alliances Convinced Regulators That Collusion Reduces Prices

Hubert Horan
The Department of Transportation granted antitrust immunity to Atlantic alliances that reduced competition on the basis of a single paper written by a United...
Antitrust and Competition

Political Economy of Covid-19: Surveillance and the Future of Privacy

ProMarket writers
Join the Stigler Center on Monday, May 11, for a conversation with The Markup’s editor-in-chief Julia Angwin and University of Chicago Law professor Lior Strahilevitz,...
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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.