Competition
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. As such,...
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 much 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 the most...
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 consequences for...
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, these litigations...
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.
Is there such a thing as...
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 harms us,...
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 guarantee equal...
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” tax, flexible...
Is There Really a Conflict Between Better Corporate Governance and More Competitive Product Markets?
A new study shows that the supposed tradeoff between better corporate governance and more competitive product markets may not exist. More commonly-owned firms have...
