antitrust and competition
Why Firms’ Shareholders Condone Seemingly “Excessive” Executive Pay Packages, and What it Means For the Economy
If the large mutual funds are out to improve governance, why do they condone, if not encourage, seemingly excessive and performance-insensitive compensation packages? A new...
Horizontal Shareholding, Antitrust, Growth and Inequality
Harvard Law School professor Einer Elhauge goes back to the days of Thurman Arnold, the head of the antitrust division in the FDR administration,...
Productivity, Inequality, and Economic Rents
Curbing excessive economic rents might bolster productivity and address rising inequality.
Productivity growth—a necessary (though not sufficient) condition for rising incomes in the long run—has...
New Study Finds Evidence That Rents Might Be Higher in the U.S. than in Europe
A new paper by Caroline Freund and Sarah Oliver from the Peterson Institute for International Economics explores the origins of the world’s billionaires, and...
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...
