Concentration
Subsidies to Amazon Are Uneconomical, Un-American, and Unconstitutional
Corporate subsidies are a negative-sum game. They foster crony capitalism, hurt productivity growth and inflict great harm on product market competition.
As soon as Amazon announced...
Why the FTC Should Focus on Labor Monopsony
Economic theory tells us that firms are more likely to exploit labor market power than product market power in the United States today. And...
Brazil’s Election Is Yet Another Indication That Facebook Is Too Big to Manage
Facebook’s failure to curb the massive disinformation campaign that preceded Jair Bolsonaro’s election victory shows that it is unable to control the dangerous consequences...
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,...
Editors’ Briefing: This Week in Political Economy (September 1–7)
Google skips Congressional hearing, potentially making a “strategic mistake of virtually incalculable proportions”; Jon Kyl’s “ethical baggage”; new research finds telecom companies are slowing...
Editors’ Briefing: This Week in Political Economy (July 21–27)
The rumors of Facebook’s newfound vulnerability have been greatly exaggerated; Google reportedly employs more contractors than actual employees; Britain has a monopoly problem; and...
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,...
Editors’ Briefing: This Week in Political Economy (June 8–16)
The AT&T-Time Warner merger is approved, further fueling the media merger frenzy and providing the Second Gilded Age with “another layer of gold”; net...
Could the Steward Health v. BCBS Trial Revitalize Monopolization Law?
It’s nearly unheard of for a monopolization case to go to trial, but the Steward Health v. Blue Cross & Blue Shield of Rhode...
70 Years of US Corporate Profits
A new Stigler Center working paper shows that after decades of decline, profits started increasing in the early 1980s.
Financial profit is ostensibly the...
