Interview Series: Is There a Concentration Problem in America?

"The Financialization of the U.S. Economy Has Produced Mechanisms That Lead Toward Concentration"

In this installment of ProMarket’s interview series on concentration in America, Gerald Berk from the University of Oregon discusses the political implications of concentration.  Does...

“The Increase in Common Ownership Corresponds to the Concentration Increase That Several Large Mergers Would Create”

In this installment of ProMarket’s interview series on concentration in America, Martin Schmalz from the University of Michigan talks about the effects of common ownership...

“There Is Unambiguous Evidence That Concentration Is on the Rise and Widespread Over Most Industries”

In this installment of ProMarket’s interview series on concentration in America, Cornell University professor Roni Michaely shares data on rising concentration in the U.S. economy. Does America have...

“Industries Where Market Power Can Harm Consumers the Most Are the Ones We Should Care Most About”

In this installment of ProMarket’s interview series on concentration in America, Chicago Booth professor and former chair of President Obama’s Council of Economic Advisers...

"I Suspect the Major Reason for the Rise in Concentration Is Technological Change, Particularly in IT"

In this installment of ProMarket’s interview series on concentration in America, Chicago Booth professor Steven Kaplan discusses the reasons for the rise in concentration. "Overall,...

"Antitrust Policy Relies More Heavily on Beliefs Rather Than a Strong Consensus About Facts"

In this installment of ProMarket’s new interview series on concentration in America, Chicago Booth professor emeritus Sam Peltzman shares some thoughts on concentration and...

"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...

"Our New Economy Enables the Winners to Capture Much More of the Welfare"

In this installment of ProMarket’s new interview series on concentration in America, Ariel Ezrachi and Maurice Stucke discuss bigness, market power, and the digital...

“No Convincing Evidence That Concentration Has Been a Major Factor in Explaining Poor U.S. Economic Performance”

In this installment of ProMarket's new interview series on concentration in America, Chicago Booth professor Dennis Carlton strikes a skeptical note concerning claims that increased...

“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...

LATEST NEWS

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...

Who Benefits From Competitive State-Level Legislatures?

A new paper finds that when interparty competition in state legislatures is high, well-connected and influential incumbent firms are best able to...

No More “Mystery Meat”: Why We Need Better Corporate Governance Data

Three decades of finance, economics, and legal studies in corporate governance have been built substantially on data sets with nearly unknown provenance....