Product Market Concentration Is Decreasing, and It’s Because of the Big Guys

A new study by economists at Princeton University and the Federal Reserve Bank of Richmond finds that while national market concentration is clearly increasing, local concentration is not. In fact, local concentration has been declining rapidly for the last 25 years when measured at the city, county, or ZIP code level.  

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Editors’ Briefing: This Week in Political Economy (June 30–July 7)

Scott Pruitt resigns from the EPA; a new report finds that digital platforms are not fully complying with the EU’s new privacy rules; Google, meanwhile, has a new privacy scandal; a month after its acquisition of Time Warner was approved, AT&T is already raising prices for its streaming TV customers; and former Treasury Secretary Timothy Geithner’s new career draws criticism.  

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The Unprecedented Power of Digital Platforms to Control Opinions and Votes

In Chapter 6 of our Digital Platforms and Concentration conference ebook, a research psychologist who, with an associate, discovered the search engine manipulation effect (SEME) in 2013—one of the largest behavioral effects ever identified—argues that Google’s search engine may have determined the outcomes of a quarter of the world’s elections in recent years.  

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