antitrust and competition
The Greatest Anticompetitive Threat of Our Time: Fixing the Horizontal Shareholding Problem
Undisputed empirical studies confirm that horizontal shareholding poses a great anticompetitive threat. What can antitrust enforcers do about it? Quite a lot, in fact.
Editors'...
“It’s Crucial to Break Up Facebook”
Columbia law professor Tim Wu on The Curse of Bigness, neo-Brandeisian antitrust, and the lessons we should learn from the first Gilded Age.
Four...
Why Local Labor Market Concentration Is Lower Than It Used to Be, Even As National Concentration Increases
A new study compares the trends in national and local industrial concentration between 1976 and 2015, and explains why they diverged.
The idea that firms...
Facebook, Extreme Inequality, and Globalization: ProMarket’s Top Stories of 2018
As 2018 draws to a close, we look back at ProMarket’s most-read and most-widely shared stories of the past year.
The early mentor to Mark...
The Solution to the Auditing Industry’s Oligopoly Problem? More Competition
The UK’s reviews of the Big Four auditing firms have largely adopted an approach of more regulation and government oversight. This approach is not...
The Generic Pharmaceutical Market Needs Competition. Non-Profits Can Provide It
JustMedicine is a non-profit that aims to introduce competition into the generic drug market by sponsoring generic entrants. The organization’s CEO explains why non-profit...
Market Power or Just Scale Economies?
While increased economies of scale may offer a partial explanation for higher margins and declining dynamism in the US economy, growing market power provides...
Editors’ Briefing: This Week in Political Economy (December 9-16)
Congress misses an opportunity to scrutinize Google; the IRS is on life support; Johnson & Johnson reportedly knew for decades that its baby powder...
One Year After the Net Neutrality Repeal: the FCC Has Abdicated Its Role Protecting Consumers and Competition
Every promise made by broadband providers and every reason cited by the FCC in its decision to eliminate the net neutrality rules has proven...
Editors’ Briefing: This Week in Political Economy (December 2-9)
Documents released by British Parliament show Facebook’s attempts to stifle competition; the Consumer Financial Protection Bureau no longer protects consumers; provider consolidation is driving...
