“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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