antitrust and competition

How to End Too-Big-To-Fail? At Minneapolis Fed Symposium, Participants Reject Big Bank Breakup

Former Fed chairman Ben Bernanke: "Size is not the only relevant attribute of banks.” Should big banks be broken up in order to ensure the...

“The President’s Executive Order is Pro‑Market and Anti‑Abusive Market Power”

Ten days after the White House issued an executive order and a brief that highlights growing concentration and decreasing competition in the US economy,...

Are We All Rent-Seeking Investors?

Has The Economist, the commentary magazine of the capitalistic global elite, embraced the corporate-bashing trend taken by many populist politicians in the U.S., U.K.,...

The White House Acknowledges: The U.S. Has a Concentration Problem; President Obama Launches New Pro-Competition Initiative

President Barack Obama issues an executive order that calls on federal government agencies to promote competition within uncompetitive markets. President Barack Obama launched a broad new...

Is There a Crisis in the Economic Theory of the Firm? Participants at Harvard Business School Conference Agree: Firms Try to Change the Rules...

A novel conference at Harvard Business School brought together top scholars in order to answer the question: Is Milton Friedman’s dictum that firms that...

“What We Have is Capture of the Regulators’ Minds, A Much More Sophisticated Form of Capture Than Putting Money in Their Pockets”

Barry C. Lynn, author and director of New America’s Open Markets program, explains how every major industry and marketplace in America came to be controlled...

Millennials Believe in Free Markets and Want a Scandinavian Welfare State

Millennials may view socialism more favorably than their parents, but their definition of socialism is very different than that of previous generations.  Millennials may view...

“There Is Regulatory Capture, But It Is By No Means Complete”

Kenneth J. Arrow, one of the most influential economists of the 20th century, reflects on the benefits of a single payer health care system,...

The True Price of Reduced Competition in Health Care: Hospital Monopolies Drastically Drive Up Prices

New study reveals the potential damage of the merger frenzy that has accelerated in recent years. Since the Affordable Care Act was signed into law,...

LATEST NEWS

George Stigler on Henry Simons, “Crown Prince” of the Chicago School

To mark 75 years since the passing of Henry Simons, professor of Economics and Law at the University of Chicago, ProMarket is...

Electoral College Reform: New Problems or Real Solutions?

Each electoral system creates specific incentives to (mis)allocate government resources. Would putting the National Popular Vote (NPV) in lieu of the Electoral...

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. 

Harold Demsetz and Israel Kirzner Understood That Competition Regulates Markets

Economists Harold Demsetz and Israel Kirzner challenged the prevailing orthodoxy in microeconomic analysis and public policy beginning with their respective work in...

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

Harvard Business School professor Leemore Dafny lays out potential reforms to assist agencies in halting anticompetitive acquisitions and practices, and to preserve...