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The Role of the State

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...
Antitrust and Competition

Zingales: Too Much Power in the Hands of Big Tech Could Distort American Democracy

ProMarket writers
Watch comments by Luigi Zingales from the recent AEI Panel  "Should Washington Break Up Big Tech?” The excessive concentration of power in the hands of the...
Antitrust and Competition

The DOJ Has a Strong Case Against the AT&T-Time Warner Merger

Chris Sagers
If the merging parties are true to their many tough public statements, and they stick the litigation out long-term, the odds are not bad...
Antitrust and Competition

Competition Makes IT Better

Leonardo Iacovone
In spite of its potential, the use of digital technology is still basic in most developing countries. This column presents evidence that firms in...
Antitrust and Competition

UN Study Warns: Growing Economic Concentration Leads to “Rentier Capitalism”

Asher Schechter
A new study by the United Nations Conference on Trade and Development argues: The “endemic rent-seeking that stems from market concentration, heightened corporate power,...
Antitrust and Competition

Mergers Are Bad for Innovation

Asher Schechter
Mergers tend to reduce overall innovation, making consumers “always worse off after a merger," says Tommaso Valletti, the European Commission’s Chief Competition Economist. As competition authorities...
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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.