Market power
American History Provides a Valuable Lesson on How Monopolists Use Exclusive Deals to Fortify Their Market Power
Since the Civil War, dominant firms have widely and repeatedly used exclusive agreements to exert, expand, and fortify their market power. History shows that...
Rep. Cicilline’s Nondiscrimination Bill Would Offer a Lifeline to Independent App Developers
Contrary to the naysayers, the American Choice and Innovation Online Act won’t result in naked iPhones or iPhones cluttered with hundreds of preinstalled apps.
On...
The House’s Recent Spate of Antitrust Bills Would Change Big Tech as We Know It
If enacted, the five bills that were introduced in the House this month would represent the most dramatic statutory changes to US antitrust law...
Freiburg and Chicago: How the Two Worlds of Neoliberalism Drifted Apart Over Market Power and Monopolies
Early neoliberals tended to view market power and monopolies as phenomena that somehow had to be reined in by an institutional framework in order...
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 and promote...
The Profit Paradox: “What’s Good for Firms Is Not Necessarily Good for the Workers”
In an interview with ProMarket, Jan Eeckhout discusses his new book The Profit Paradox and explains how market power brings down wages, even if...
Concentration in the EU: Where It is Increasing and Why
Increasing concentration is not unique to the US—recent studies show that concentration is rising in Europe as well, although to a lesser extent than...
Congress Is Leaning Towards a Big Tech Breakup
The dominant platforms have proven themselves to be ungovernable. Behavioral remedies, especially those that require continuous oversight, might be pushed aside. The only issue...
How the FTC Protected the Market Power of Pharmacy Benefit Managers
Pharmacy Benefit Managers (PBMs) were established in the 1960s to control drug costs but have since morphed into one of the most highly concentrated...
Facebook Could Be Heading Towards a Breakup
Assuming Facebook’s acquisitions can be shown to have eliminated emerging rivals, reversing those acquisitions via divestiture—“the most important of antitrust remedies”—is the logical place...
