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The Role of the State

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...
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...
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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.