Concentration
The Rise of Market Power and the Decline of Labor’s Share
A new paper argues that the decline of the labor and capital shares, as well as the decline in low-skilled wages and other economic trends, have been...
Big Four Audit Firms Enjoy a “Too Few to Fail” Regulatory Hall Pass
The failure of Enron and subsequent demise of Arthur Andersen led to significant changes for public reporting and auditing but not much change in...
How Market Power Leads to Corporate Political Influence
Neoclassical economic theory assumes that firms have no power to influence the rules of the game. A new paper by Luigi Zingales argues: This is...
“Google Is as Close to a Natural Monopoly as the Bell System Was in 1956"
Media scholar Jonathan Taplin, author of the new book Move Fast and Break Things, on the rent-seeking and regulatory capture of digital platforms.
In 2014,...
Is There a Connection Between Market Concentration and the Rise in Inequality?
A Stigler Center panel debates: Is rising inequality connected to monopolies, rent-seeking, and concentration?
The rise in wealth and income inequality has been at the forefront of...
Is There a Case to be Made for Political Antitrust?
After decades of approaching antitrust through purely economic analyses, are economists once again willing to take into account political considerations as well?
Should political considerations...
"There Is a Clear Perception That the European Commission Is More Active In Antitrust Than the U.S. Agencies"
In this installment of ProMarket's interview series on concentration in America, Tommaso Valletti, the European Commission’s Chief Competition Economist, shares some thoughts on economic concentration...
“Growing Evidence That Some U.S. Regulators May Value the Profits of the Incumbents They Regulate Over Consumer Welfare”
In this installment of ProMarket's new interview series, we ask Fiona M. Scott Morton of Yale University about the effects of concentration in America and...
“Our Efforts to Deal With Tech Firms' Market Dominance in the U.S. Have Been an Abject Failure”
In this installment of ProMarket's new interview series, Harvard economist F.M. Scherer answers questions about concentration, antitrust, tech giants, and inequality. "Antitrust agencies have not taken sufficient...
"The Exercise of Market Power Probably Contributes to Economy-Wide Inequality"
In this installment of ProMarket's new interview series on concentration in the U.S., American University law professor Jonathan Baker shares some thoughts on marker power...
