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The Role of the State

Antitrust and Competition

How Antimonopoly Was Revitalized, Part 2: Barack Obama and the End of the End of History

Matt Stoller
In this second installment of his three-part series on antitrust’s recent resurrection, Matt Stoller discusses the legacy of Obama’s presidency. The real policy for...
Antitrust and Competition

Why Antimonopoly Awoke From Its Slumber, Part 1: The Clinton Era’s Failed Utopia

Matt Stoller
In the first part of a three-part series, Matt Stoller explains why antimonopoly politics is experiencing a resurgence. There are two basic components to...
Antitrust and Competition

Towards the Giant Three: The Rise and Rise of the Big Three Index Funds

Lucian Bebchuk
The Big Three index fund managers—BlackRock, Vanguard, and State Street Global Advisors—hold a significant proportion of the stock of US public companies, and they...
Antitrust and Competition

We Need to Deal With WhatsApp's Misinformation Problem

Prateek Raj
A peculiar feature of WhatsApp groups has made the spread of misinformation much easier. We need better design guidelines for platforms like WhatsApp, ones...
Antitrust and Competition

How the Adtech Market Incentivizes Profit-Driven Disinformation

Joshua Braun
If we want to solve the disinformation crisis, we need to fix the perverse incentives created by the online advertising market through structural and...
Antitrust and Competition

Horizontal Shareholding’s Anticompetitive Effects and the Mechanisms That Produce It

Einer Elhauge
Waiting for further proof of causal mechanisms before addressing the anticompetitive harm caused by horizontal shareholding is unjustified, just as it was when people...
Antitrust and Competition

Dear Graduates, Here’s What You Can Do to Change Capitalism For the Better

Luigi Zingales
Delivering UChicago’s 532nd Convocation address, Luigi Zingales advised young graduates to embrace their power as consumers, workers, and citizens and fight corporate monopolies. Dear...
Antitrust and Competition

Sorry, Mr. Delrahim: Big Tech’s Worst Abuses Can’t Be Cured Without Stiffer Regulation

Hal Singer
Simply adding competition in the tech sector won't solve problems like privacy abuses or discrimination. Competition is needed, but regulation is a necessary element...
Antitrust and Competition

The Decline of American Journalism Is an Antitrust Problem

Sally Hubbard
Weak antitrust enforcement set the stage for Facebook and Google to extract the fruits of publishers’ labor. We won’t be able to save journalism...
Antitrust and Competition

The Effects of Concentration in the Asset Management Industry on Stock Prices

Francesco Franzoni
The asset management industry has become increasingly concentrated in recent decades. Regulators are concerned about the systemic risks this may pose. Using data from...
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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.