“Industries Where Market Power Can Harm Consumers the Most Are the Ones We Should Care Most About”

In this installment of ProMarket’s interview series on concentration in America, Chicago Booth professor and former chair of President Obama’s Council of Economic Advisers Austan Goolsbee talks about market power. “We care about market power, not concentration. Industries where market power can harm consumers the most are the ones we should care the most about.”  

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“I Suspect the Major Reason for the Rise in Concentration Is Technological Change, Particularly in IT”

In this installment of ProMarket’s interview series on concentration in America, Chicago Booth professor Steven Kaplan discusses the reasons for the rise in concentration. “Overall, the increases in concentration from technology and regulation are positive while the increase from rent seeking is a negative.”  

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“Antitrust Policy Relies More Heavily on Beliefs Rather Than a Strong Consensus About Facts”

In this installment of ProMarket’s new interview series on concentration in America, Chicago Booth professor emeritus Sam Peltzman shares some thoughts on concentration and antitrust policy. “It is hubris to believe that economists and antitrust officials can predict the future. Who remembers that free web browsers were once thought to be a dangerous threat to competition?”   

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“There Is a Clear Perception That the European Commission Is More Active In Antitrust Than the U.S. Agencies”

In this installment of ProMarket’s interview series on concentration in America, Tommaso Valletti, the European Commission’s Chief Competition Economist, shares some thoughts on economic concentration of power in the U.S. and in Europe. “Competition authorities should invest in better understanding data markets.”  

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