Concentration
It Is Time to Break Up the Disney Empire
Disney is not a corporation that pushes the bounds of artistic and technological possibility but a corporation that pushes the bounds of legal possibility...
How Israel's Antimonopolists Helped Take Down Benjamin Netanyahu
The corruption exposed by Israeli antimonopolists has been a key driver of Benjamin Netanyahu's current political woes.
If you pay any attention to the weird...
How Economic Concentration and Crony Capitalism Led to the Chaos in Chile
The signals of unrest in Chile mounted for years amid corruption scandals, rising inequality, and new monopolies. The fare increase on public transport that...
How the “Watergate Babies” Released the Beast of Monopoly Upon America
Why did Washington respond to the 2008 financial crisis by pushing even more wealth and power into the hands of the same people that...
Aaron Director and the Empirical Foundation for the Chicago Attitude on Antitrust
Empirical evidence, not just disembodied theory, was an important building block of Director’s view that competition could defeat concentration, writes Daniel Kuehn.
Editor's note: Aaron...
How Powerful Ideas Can Shape Society: Aaron Director and the Triumph of Nihilism
The rise of giants like Amazon and Facebook proves the long-lasting influence of Director's approach. His intellectual and political legacy is the transition of...
The Cost of America’s Oligopoly Problem
An innovative new study finds substantial, increasing deadweight losses resulting from oligopolistic behavior and points to the important role that startup acquisitions—particularly by large...
The Limits of Private Action: What the Past 40 Years Taught Us About the Perils of Unregulated Markets
The two big ideas that animated American public policy since the end of World War II, employer-sponsored social benefits and neoliberalism, are failures. We...
Horizontal Shareholding’s Anticompetitive Effects and the Mechanisms That Produce It
Waiting for further proof of causal mechanisms before addressing the anticompetitive harm caused by horizontal shareholding is unjustified, just as it was when people...
The Effects of Concentration in the Asset Management Industry on Stock Prices
The asset management industry has become increasingly concentrated in recent decades. Regulators are concerned about the systemic risks this may pose. Using data from...
