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The Role of the State

Antitrust and Competition

The “Biggest Puzzle in Economics”: Why the “Superstar Economy” Lacks Any Actual Superstars

Asher Schechter
A new study finds that the contribution of superstar firms to US productivity growth has decreased by more than 40 percent over the past...
Antitrust and Competition

When the Interests of Monopolists and Authoritarians Coalesce

Raghuram Rajan
It is when the behemoth of monopoly enterprise consorts with the leviathan of the authoritarian state that both are likely to achieve permanence, writes...
Antitrust and Competition

The Road to Digital Serfdom? The Visible Hand of Surveillance Capitalism

Shoshana Zuboff
Surveillance capitalism is not the capitalism of old, writes Harvard professor emerita Shoshana Zuboff in her new book The Age of Surveillance Capitalism.     Surveillance capitalism departs...
Antitrust and Competition

The Anticompetitive Effects of Low Interest Rates

Simcha Barkai
A new study argues that declining interest rates are in fact the cause of the recent decline in competition. Corporate profits in the United States...
Antitrust and Competition

Is Amazon Violating the Sherman Act?

Shaoul Sussman
A new paper suggests that Amazon’s negative cash flow rapid expansion story may in fact conceal a long-term predatory pricing strategy that violates existing...
Antitrust and Competition

Social Media Clickwraps and the “Manufacture of Consent”

Jonathan Obar
A new study identifies a political economic interface design strategy that threatens privacy protections by maintaining “the biggest lie on the internet.” We check the...
Antitrust and Competition

Rents and Inclusive Growth: A Decline in Rent Sharing Implies Growing Income Inequalities

Brian Bell
A new study looks at the long-run evolution of rent sharing between companies and workers in the UK and finds that rent sharing...
Antitrust and Competition

Facebook Is a Threat to Democracy — and the US Has a Responsibility to Rein It In

Roger McNamee
Facebook and Google have failed at self-regulation. If we want to avoid an authoritarian future, we need to reduce the influence of internet platforms,...
Antitrust and Competition

How Market Power Worsens Income Inequality

Joshua Gans
Inequality in stock ownership has grown considerably over the past two decades and is far more pronounced than inequality in consumption or income. A...
Antitrust and Competition

The Elephant in the Market Power Debate

Ramsi Woodcock
Profits are the ultimate sign of market power. But for the past 40 years, economists and antitrust practitioners have disparaged the measurement of profit...
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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.