European Union

European Union’s Plan to Protect Whistleblowers Continues to Face Obstacles

A little over a year ago, the EU adopted the Directive on the protection of persons who report breaches of Union law,...

Taming Big Tech: What Can We Expect From Germany’s New Antitrust Tool?

Targeted at Big Tech, Germany’s new antitrust tool for dealing with large digital platforms rebalances the power between the competition watchdog and...

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...

What the Department of Justice Can Learn from the European Union’s Antitrust Investigations Into Google

The Department of Justice has opened antitrust investigations into Google's (alleged) attempt to monopolize online advertising. While the case recycles old grievances...

Digital Platforms Should Contribute to the Enforcement of Sector-Specific Regulations

Tech companies often rely on the European Union’s outdated e-Commerce Directive to oppose and undermine new laws and regulations. The EU should...

How the European Commission Lost Its Tax Battle Against Ireland and Apple

Last month’s decision by Europe’s General Court to reject the European Commission’s attempt to recover €13 billion in back taxes from Apple...

Liberal Democracies Have a Duty to Respond to China’s New National Security Law

According to China’s sweeping new national security law, European citizens who argue in favor of self-determination for Hong Kong in their home...

Europe’s Last Call, China’s PR, and a New Role for the State: a Conversation Between Luis Garicano and Luigi Zingales

Former academic and current Member of European Parliament Luis Garicano and Luigi Zingales discuss the future of the European Union and of its member...

The ECB Can Save the Italian Economy and Prevent a New Euro Crisis Triggered by Covid-19 Fallout

The Italian government's effort to contain the coronavirus will have significant economic consequences. Italy should be allowed to ask for emergency help with one...

"The Lack of Competition Has Deprived American Workers of $1.25 Trillion of Income"

French economist Thomas Philippon, author of the recent The Great Reversal, explains how Europe got to be better at free markets than the US and how...

LATEST NEWS

George Stigler on Henry Simons, “Crown Prince” of the Chicago School

To mark 75 years since the passing of Henry Simons, professor of Economics and Law at the University of Chicago, ProMarket is...

Electoral College Reform: New Problems or Real Solutions?

Each electoral system creates specific incentives to (mis)allocate government resources. Would putting the National Popular Vote (NPV) in lieu of the Electoral...

When Do Users Benefit From Platform Mergers?

A new paper shows that platform mergers can harness network effects at the cost of reducing the platform differentiation that users value. 

Harold Demsetz and Israel Kirzner Understood That Competition Regulates Markets

Economists Harold Demsetz and Israel Kirzner challenged the prevailing orthodoxy in microeconomic analysis and public policy beginning with their respective work in...

The Covid-19 Pandemic Should Not Delay Actions to Prevent Anticompetitive Consolidation in US Health Care Markets

Harvard Business School professor Leemore Dafny lays out potential reforms to assist agencies in halting anticompetitive acquisitions and practices, and to preserve...