Competition

Who Benefits From Competitive State-Level Legislatures?

A new paper finds that when interparty competition in state legislatures is high, well-connected and influential incumbent firms are best able to...

Rethinking Competition: From Market Failures to Ecosystem Failures

Despite the overwhelming importance of digital platforms, and the chatter around their recent rise, our understanding of digital ecosystems is still limited....

A Simple Way to Measure Tipping in Digital Markets

Digital markets are prone to “tipping.” Policymakers are starting to look at tipping as a market failure worthy of consideration. But as...

Revisiting Ohio vs. American Express: It’s Time for a More Nuanced Approach to Market Definition

Nearly three years ago, the Supreme Court decided the case of Ohio vs. American Express, which turned out to be one of...

Competition for Extortion: Evidence from 50,000 Extortion Payments in El Salvador

A new paper explores how truce deals between gangs are equivalent to collusion, and result in higher extortion prices that have negative...

Paltry Poultry Settlements and a Paralyzed Public Interest Protection

A series of class-action antitrust cases involving poultry, pork, and turkey processors have been settled before a trial could take place. However,...

Is There a Problem with Competition?

A Stigler Center webinar explores instances where competition turns toxic, whether antitrust policy needs reform, and potential paths forward.

Giving Away Our Data for Free is a Market Failure

By convincing users to give away their data for free, digital platforms have caused a market failure. This failure benefits them and...

The Digital Markets Act Represents a Change in Europe’s Approach to Digital Gatekeepers

The Digital Markets Act is not a competition tool as such. Rather, it is a market regulation whose main objective is to...

Paul Romer: “If You Think Moderation is Censorship, You’ve Got a Competition Problem”

During a Stigler Center keynote webinar, Nobel laureate Paul Romer discussed concentration problems in the US and possible solutions, including a “pigouvian”...

LATEST NEWS

The Fall of American Manufacturing and the Rise of Health Care

In an excerpt from his new book The Next Shift, University of Chicago historian Gabriel Winant explores how deindustrialization and the decline...

Antitrust and the FTC: Franchise Restraints on Worker Mobility

As currently formulated, antitrust’s rule of reason approach is not the best tool to deal with vertical noncompete agreements that limit worker...

How to Make the Market for Real Estate Agents More Competitive

Delinking buyer and seller commissions will make markets for real estate agent services more competitive, allowing buyers and sellers to negotiate commissions...

Dislocation, Dislocation, Dislocation: Covid, the Retail Crisis, and REITs

In an excerpt from his new book Retail Recovery, retail expert and author Mark Pilkington explores the impact of the sector's decline...

Addressing Climate Change Must Begin with Verifiable Carbon Accounting

Robert Kaplan and Karthik Ramanna propose a new approach for verifiable accounting on indirect corporate emissions that would apply to all corporations,...