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

Beefing Up Merger Enforcement by Banning Merger Remedies

The unraveling of the T-Mobile/Sprint remedy continues a trend of failed merger consent decrees. One solution, proposed by two antitrust scholars, is...

Reaching for Influence: Do Banks Use Loans to Establish Political Connections?

A new study examines whether privately-owned banks seek political influence by offering preferred loan terms to corporate borrowers with valuable political connections,...

The New Challenges of Assessing Big Tech’s Impact

Big Tech firms are facing the biggest wave of antitrust legislation in their history. Academic literature reveals the complexity of possible consequences...

The Metaphysics of Regulatory Capture

Stiglerian capture and corrosive cultural capture, its left-leaning parallel, are ostensibly symbionts, two attempts at identifying impediments to keeping markets competitive by...

The Aristocracy of Talent: Business Intelligence

In the following excerpt from his new book, The Aristocracy of Talent: How Meritocracy Made the Modern World, Adrian Wooldridge traces "how universities...