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Chiara Farronato, Jessica Fong, Andrey Fradkin

When Do Users Benefit From Platform Mergers?

A new paper shows that platform mergers can harness network effects at the cost of reducing the platform differentiation that users value. The societal importance of digital platforms is universally recognized, but the economic forces affecting the size of these platforms are still poorly understood. The typical explanation for why digital platforms are so large is that they harness network effects, which occur when the benefit to using a...

COMMENTARY

Antitrust and Competition

More Than 20 Years of Consolidation Have Led to a Dysfunctional Health Care Market

Martin Gaynor

The US health care system is based on markets, which do not...

RESEARCH

Antitrust and Competition

Who Benefits From Competitive State-Level Legislatures?

Manav Raj

Corporate Governance

No More “Mystery Meat”: Why We Need Better Corporate Governance Data

Jens Frankenreiter, Cathy Hwang, Yaron Nili, Eric Talley

PODCAST

Harold Demsetz and Israel Kirzner Understood That Competition Regulates Markets

Peter J. Boettke, Rosolino A. Candela

The Covid-19 Pandemic Should Not Delay Actions to Prevent Anticompetitive Consolidation in US Health Care Markets

Leemore Dafny

How Protests Against the Jim Crow Credit Market Changed the Civil Rights Movement

Mehrsa Baradaran

A New Capitalisn’t Episode

LATEST

Corporate Governance

George Stigler and the Challenge of Democracy

Anat Admati

We are all victims of what George Stigler described as “the pervasive use of state support of special groups” and of governance...

Antitrust and Competition

Invigorating Competition in Health Care Markets: Is Rate Regulation Needed?

Tim Greaney

It now appears that market concentration may be the leading cause of America’s health care cost crisis. If the United States is...

Economic History Series

How a Wave of Corporate Takeovers Ushered In the Gospel of Shareholder Value

Jonathan Levy

In an excerpt from his new book, Ages of American Capitalism, economic historian Jonathan Levy explains how "financiers blew up the postwar...

Digital Platforms

The Digital Society: “We Live in a World Obsessed With Cost Cutting”

Jana Kasperkevic

In an interview about his new book, The Inglorious Years, economist Daniel Cohen explores the emergence of the digital society and its...

Antitrust and Competition

Fixing a Broken Antitrust Regime

Hal Singer

In her new book Antitrust, Senator Amy Klobuchar explains the origins of US antitrust law, diagnoses how the nation got derailed from...

what we're reading

What we are reading

Senate to Vote on Khan as Antitrust Pressure Heats Up

ProMarket writers

[Politico]

What we are reading

U.S. Fight Against Chinese 5G Efforts Shifts From Threats to Incentives

ProMarket writers

[Wall Street Journal]

What we are reading

The End of privacy? Central Banks Plan to Launch Digital Coins

ProMarket writers

[Financial Times]

What we are reading

Apple Is Said to Have Turned Over Data on Trump’s White House Counsel in 2018

ProMarket writers

[The New York Times]

What we are reading

How to Tax Multinational Corporations

ProMarket writers

[The American Prospect]

What we are reading

Multinationals Shrug Off G7 Tax Assault

ProMarket writers

[Financial Times]

What we are reading

Amazon, Other Tech Giants Could Be Forced to Shed Assets Under House Bill

ProMarket writers

[Wall Street Journal]

What we are reading

Plan to Revive I.R.S. ‘Wealth Squad’ Puts the Richest on Notice

ProMarket writers

[The New York Times]

What we are reading

Meager Rewards for Workers, Exceptionally Rich Pay for C.E.O.s

ProMarket writers

[The New York Times]

What we are reading

Rich Americans Are Losing No Sleep Over Biden’s Tax Plans

ProMarket writers

[Financial Times]

What we are reading

Don’t Wait for Billionaires to Sell Their Stock. Tax Their Riches Now.

ProMarket writers

[The Washington Post]

What we are reading

These Businesses Found a Way Around the Worker Shortage: Raising Wages to $15 an Hour or More

ProMarket writers

[The Washington Post]

READING LISTS

Techlash Goes to Court

Late last year, the Department of Justice and the Federal Trade Commission (along with dozens of states attorneys general) filed landmark antitrust cases against Google and Facebook for anticompetitive tactics. Will these lawsuits succeed? What are the potential consequences? Catch up on ProMarket's coverage of the ongoing antirust cases against Big Tech.

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Antitrust and Competition

Identifying the Market In the Facebook Antitrust Case

Herbert Hovenkamp

Facebook can be a monopolist over a cluster of noncompeting products that do not fit the standard economic definition of a “market.”...

Antitrust and Competition

Facebook Break-up Can Be Feasible, Efficient, and Ultimately Beneficial to Consumers

Paolo Buccirossi, Emilio Calvano, Tomaso Duso

Is the relief sought by the FTC in its case against Facebook the right way to go? In principle, yes. However, the...

Antitrust and Competition

Reviewing Facebook’s Mergers Could Have Negative Ripple Effects

Randy Picker

How the pre-merger notification regime came about and why we should be careful about discouraging useful mergers.

Antitrust and Competition

The Antitrust Cases Against Facebook And Google: In Search of a Smoking Gun

Samuel Weinstein

In the Microsoft antitrust case, Bill Gates’ emails were perhaps the government’s most compelling evidence. Now, as regulators pursue antitrust cases against Facebook...

The Biden Presidency

In November 2020, Joe Biden was elected to be the 46th President of the United States. What will his presidency look like? What issues will his administration tackle? Catch up on ProMarket's coverage of the Biden presidency.

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Antitrust and Competition

Of Antitrust and Patents: the Quiet Return of the Status Quo at the DOJ’s Antitrust Division

Allen Grunes

Without Senate-confirmed political leadership, the Department of Justice quietly reverts to an Obama-era policy that favors Big Tech.

Antitrust and Competition

Morale At the DOJ’s Antitrust Division Has Plummeted. Here’s How to Fix It

John Newman

The Biden administration should work to reverse the declining morale since a re-energized Antitrust Division will translate into more effective, innovative enforcement...

Antitrust and Competition

What Would Lina Khan’s FTC Nomination Mean For the Future of Antitrust Enforcement?

Asher Schechter

If confirmed, Khan’s nomination potentially heralds a profound shift in the way that antitrust law is enforced and discussed in the US.

Antitrust and Competition

What the Biden DOJ Can Learn From the Clinton and Obama Years on How to Tackle America’s Monopoly Problem

Allen Grunes

The Clinton DOJ attacked international cartels. The Obama DOJ prioritized merger enforcement. The Biden DOJ needs to focus on America’s monopoly problem.

Teaching

Antitrust and Competition

Does Market Power Lead to Political Power?

ProMarket writers

A Stigler Center webinar explores what would be the foundations of a political and economic system that might be more resilient to pressure from powerful interests. Why has traditional antitrust policy been unable to prevent the rise of large politically-powerful firms? Should antitrust enforcers consider the political power of corporations and, if so, what are the benefits and perils of redesigning antitrust to promote political and economic liberty? These...

Antitrust and Competition

Market Power and Money in Politics

ProMarket writers

A Stigler Center webinar explores how businesses lobby and compete for political power and whether mergers and industry concentration affect lobbying. Firms compete in markets, and markets are affected...

Antitrust and Competition

Is There a Problem with Competition?

ProMarket writers

A Stigler Center webinar explores instances where competition turns toxic, whether antitrust policy needs reform, and potential paths forward. Is there such a thing as too much competition? Can competition...

The Covid-19 Bailout That Big Business Is Lobbying for Could Make America Unrecognizable

Antitrust and Competition

Matt Stoller

Supporting industries is necessary to mitigate the economic impact of the pandemic. But using the coronavirus as an excuse, Boeing and other companies are...

COLUMNS

Antitrust and Competition

GameStop, the Cantillon Effect, and America’s Corrupt Financial Plumbing

Matt Stoller

The GameStop frenzy, far from a morality tale of the people showing up Wall Street elites, should show that something is seriously...

Capitalisn't

How Should We Finance Higher Education If Not Through Student Debt? A New Capitalisn’t Episode

Bethany McLean

In a new episode of Capitalisn’t, Luigi Zingales and Bethany McLean take a look at the student debt crisis: How did we...

Media

Bethany McLean’s Weekend Reading List: Nursing Homes, the World’s Largest Pension Fund, and Our Make-Believe Economy

Bethany McLean

Corruption, lobbying, corporate malfeasance, and frauds: a weekly unconventional selection of must-read articles by investigative journalist Bethany McLean.

Commentary

Bethany McLean’s Weekend Reading List: Wirecard, Women in the Workplace, and Social Safety Nets

Bethany McLean

Corruption, lobbying, corporate malfeasance, and frauds: a weekly unconventional selection of must-read articles by investigative journalist Bethany McLean.

THE BLOG OF THE STIGLER CENTER AT THE UNIVERSITY OF CHICAGO BOOTH SCHOOL OF BUSINESS

COMMENTARY

RESEARCH

PODCAST

A New Capitalisn’t Episode

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READING LISTS

In November 2020, Joe Biden was elected to be the 46th President of the United States. What will his presidency look like? What issues will his administration tackle? Catch up on ProMarket's coverage of the Biden presidency.

COLUMNS

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