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The Role of the State

Antitrust and Competition

Strong Employers and Weak Employees: Study Sheds New Light on How Labor Market Concentration Hurts Workers

Asher Schechter
New study finds that wages are significantly lower in concentrated labor markets—and even lower in labor markets where unionization rates are low. America’s decades-long wage...
Antitrust and Competition

Colluding in Plain Sight: Study Finds Airlines Use Earnings Calls to Coordinate Capacity Reductions

Gaurab Aryal
What are airline executives really saying to each other with their extensive discussion of “capacity discipline”? New research from the University of Virginia finds...
Antitrust and Competition

Are Markups Increasing?

James Traina
A new Stigler Center paper challenges recent research on market power in the US, showing that markups did not increase over the last few...
Antitrust and Competition

New Evidence and Legal Theories About Horizontal Shareholding

Einer Elhauge
Harvard Law School professor Einer Elhauge on his new paper on horizontal shareholding, which provides new empirical evidence that even when horizontal shareholders individually...
Antitrust and Competition

Are Google and Facebook Monopolies?

ProMarket writers
Chicago Booth’s Luigi Zingales and George Mason University’s Tyler Cowen discuss the market power wielded by digital platforms, and how to promote competition.         Google and...
Antitrust and Competition

New Study Shows Just How Bad the US Labor Market’s Competition Problem Really Is

Asher Schechter
In recent decades, antitrust policy has all but ignored the issue of monopsony power. Yet a new paper shows that across the US economy,...
Antitrust and Competition

Wider and Direct Access to Financial Market Infrastructure Is the Next Step for a More Competitive Financial Market

Haoxiang Zhu
The potential impact of Europe's revised Payment Services Directive, known as PSD2, should not be underestimated, as banks adapt to a flatter and more competitive...
Antitrust and Competition

Why Behavioral Remedies Won't Work in the Case of AT&T-Time Warner

Fiona Scott Morton
It is clear from the economics in the government’s complaint against the AT&T-Time Warner merger that the harms to competition articulated by the Department...
Antitrust and Competition

Inequality, Imperialism, and the First World War

Branko Milanovic
Branko Milanovic on his new paper with Thomas Hauner and Suresh Naidu exploring inequality prior to World War I and providing empirical support for...
Antitrust and Competition

Will Repeal of Net Neutrality Accelerate the Trend in Media Consolidation? The History of Cable Suggests "Yes"

Harold Feld
The history of cable and cable programming strongly suggests that without specific FCC safeguards, we can expect a massive “arms race” by providers to...
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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.