antitrust and competition
A New Merger Tool Protects Consumers from Limits of the Cournot Effect
The widely accepted Cournot effect assumes that the merger of complementary firms benefits downstream firms and consumers (in addition to the merged firms themselves)...
Antitrust Deregulation is Undermining Innovation
A 2000 amendment to the Hart-Scott-Rodino Act made it easier for firms to merge without notifying US antitrust authorities. In new research, Giovanni Morzenti...
How the Consumer Welfare Standard Propagates Gender and Racial Inequalities
Using the 2019 BB&T-SunTrust merger as a case study, Laura Beltrán argues that contemporary antitrust policy, based on the Consumer Welfare Standard, fails to...
Survey Highlights Backlash to Increasingly Political Corporate America
A recent poll shows that 71% of Americans view large companies negatively. The change has been driven by Republicans who dislike the rise of...
The Paramount Decrees and the Deregulation of Hollywood Studios
A landmark antitrust decision on Hollywood will sunset this year, paving the way for more major studios to overpower independent producers and exhibitors. A...
Antitrust Misunderstands Innovation. This Is How We Fix It.
Antitrust misunderstands innovation by focusing almost entirely on incentives to innovate to the neglect of questions regarding the ability to innovate through sharing knowledge...
Event Notes: Academic Bias Under the Microscope
That scholarship often reflects conscious and unconscious biases has long been an open secret in academia. On April 22, Professors Christian Leuz, Anat Admati,...
Too Many Economists Are Using a Flawed Theory To Defend Dominant Platforms’ Self-Preferencing Practices
Congress is currently considering two major bills that would regulate “self-preferencing” and related conduct by dominant digital platforms. Criticism of these bills is heavily...
Unfair Methods of Competition
The FTC’s new policy on unfair methods of competition is an assertion of the original purpose of the agency, allowing it to take on...
How the Wrong Presumptions Led to the Wrong Conclusions in the United/Change Healthcare Merger
On Sept. 19, a federal judge approved UnitedHealth Group’s acquisition of Change Healthcare over the concerns of the U.S. Department of Justice. The judge’s...
