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The Role of the State

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,...
Antitrust and Competition

Antitrust in a Changing Economy and Changing Economics

Jason Furman
Jason Furman, former chair of the White House Council of Economic Advisers: We will likely need to update our competition policies to promote competition if we...
Antitrust and Competition

If You Don’t Think Today’s Tech Giants Are Vicious, Just Ask Venture Capitalists

Jonathan Tepper
Silicon Valley today resembles the deepest part of the jungle known as the triple canopy, where tall trees block out all the light and...
Antitrust and Competition

Inside Tech’s “Kill Zone”: How to Deal With the Threat to Edge Innovation Posed by Multi-Sided Platforms

Hal Singer
Dominant tech platforms can exploit the vast amounts of user data available only to them to squash startups and independent providers. Hal Singer offers...
Antitrust and Competition

How the FTC Protects Strong Employers and Targets Weak Workers

Sandeep Vaheesan
Since the 1970s, the US has seen a growing power imbalance between workers and employers. This story was not inevitable, but the product of...
Antitrust and Competition

Subsidies to Amazon Are Uneconomical, Un-American, and Unconstitutional

Luigi Zingales
Corporate subsidies are a negative-sum game. They foster crony capitalism, hurt productivity growth and inflict great harm on product market competition. As soon as Amazon announced...
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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.