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The Role of the State

Antitrust and Competition

“The World Has Changed”: the New York Times on Luigi Zingales, the “Chicago School,” and the Threat of Tech Monopolies

ProMarket writers
A New York Times profile summarizes the work done by Luigi Zingales and the Stigler Center on regulating digital platforms and describes it as...
Antitrust and Competition

The Cost of America’s Oligopoly Problem

Asher Schechter
An innovative new study finds substantial, increasing deadweight losses resulting from oligopolistic behavior and points to the important role that startup acquisitions—particularly by large...
Antitrust and Competition

The Hidden Risk in Bernie Sanders's Plan to Save Journalism: an Unholy Alliance Between Publishers and Tech Monopolists

Guy Rolnik
Sanders's plan is important and laudable, but his proposal to use a tax on targeted advertising to fund journalism is dangerous.        Donald Trump is not the...
Antitrust and Competition

Standard Oil and Antitrust: the Effects of Aaron Director's Socratic Method

Sam Peltzman
Aaron Director, who died 15 years ago, made important contributions to the analysis of business practices. None were ever published under his name. Professor...
Antitrust and Competition

Aaron Director’s Legacy: The Beginning of Doubt is the Beginning of Wisdom

Stephen Stigler
Aaron Director died 15 years ago. He published almost nothing, but his ideas influenced a generation of economists and intellectuals. Professor Stephen Stigler remembers...
Antitrust and Competition

How Robert Bork Fathered the New Gilded Age

Sandeep Vaheesan
Much like in the first Gilded Age, antitrust enforcers today are hitting labor, not capital. This is thanks to Robert Bork’s radical and influential...
Antitrust and Competition

What Bernie Sanders’s Plan to Save American Journalism Gets Right – and What It Misses

Andrea Prat
Independent and effective news reporting is at the heart of the democratic process. The dangers to media plurality and local journalism that Sanders identifies...
Antitrust and Competition

The Limits of Private Action: What the Past 40 Years Taught Us About the Perils of Unregulated Markets

Ganesh Sitaraman
The two big ideas that animated American public policy since the end of World War II, employer-sponsored social benefits and neoliberalism, are failures. We...
Antitrust and Competition

How Amazon's Pricing Policies Squeeze Sellers and Result in Higher Prices for Consumers

Shaoul Sussman
Amazon's price matching policies, which were meant to ensure its dominant position, diminished the ability of brands to control how their products are distributed...
Antitrust and Competition

Global Declining Competition

Carolina Villegas-Sanchez
Studies of the evolution of market power since 2000 have focused mostly on publicly traded US firms. This column introduces a new global study...
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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.