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The Role of the State

Antitrust and Competition

Paging Don Qixote: The Last Hope for American Merger Law

Chris Sagers
Of the eight or nine hundred antitrust claims each year, few are private merger claims, and almost all of them fail. That is why...
Antitrust and Competition

The Greatest Anticompetitive Threat of Our Time: Fixing the Horizontal Shareholding Problem

Einer Elhauge
Undisputed empirical studies confirm that horizontal shareholding poses a great anticompetitive threat. What can antitrust enforcers do about it? Quite a lot, in fact.     Editors'...
Antitrust and Competition

“It’s Crucial to Break Up Facebook”

Asher Schechter
Columbia law professor Tim Wu on The Curse of Bigness, neo-Brandeisian antitrust, and the lessons we should learn from the first Gilded Age. Four...
Antitrust and Competition

Why Local Labor Market Concentration Is Lower Than It Used to Be, Even As National Concentration Increases

Kevin Rinz
A new study compares the trends in national and local industrial concentration between 1976 and 2015, and explains why they diverged. The idea that firms...
Antitrust and Competition

Facebook, Extreme Inequality, and Globalization: ProMarket’s Top Stories of 2018

ProMarket writers
As 2018 draws to a close, we look back at ProMarket’s most-read and most-widely shared stories of the past year.     The early mentor to Mark...
Antitrust and Competition

The Solution to the Auditing Industry’s Oligopoly Problem? More Competition

Karthik Ramanna
The UK’s reviews of the Big Four auditing firms have largely adopted an approach of more regulation and government oversight. This approach is not...
Antitrust and Competition

The Generic Pharmaceutical Market Needs Competition. Non-Profits Can Provide It

Mark Rosenberg
JustMedicine is a non-profit that aims to introduce competition into the generic drug market by sponsoring generic entrants. The organization’s CEO explains why non-profit...
Antitrust and Competition

Market Power or Just Scale Economies?

Jonathan B. Baker
While increased economies of scale may offer a partial explanation for higher margins and declining dynamism in the US economy, growing market power provides...
Antitrust and Competition

One Year After the Net Neutrality Repeal: the FCC Has Abdicated Its Role Protecting Consumers and Competition

Gigi Sohn
Every promise made by broadband providers and every reason cited by the FCC in its decision to eliminate the net neutrality rules has proven...
Academic Capture

“US Regulators Have Essentially Become Do-Nothing Institutions”

Asher Schechter
In an interview with ProMarket, Jonathan Tepper talks about the rise of America’s oligopoly problem, why he believes antimonopoly is not a left-right issue,...
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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.