Market power

How Market Power Worsens Income Inequality

Inequality in stock ownership has grown considerably over the past two decades and is far more pronounced than inequality in consumption or income. A...

The Elephant in the Market Power Debate

Profits are the ultimate sign of market power. But for the past 40 years, economists and antitrust practitioners have disparaged the measurement of profit...

The Greatest Anticompetitive Threat of Our Time: Fixing the Horizontal Shareholding Problem

Undisputed empirical studies confirm that horizontal shareholding poses a great anticompetitive threat. What can antitrust enforcers do about it? Quite a lot, in fact.     Editors'...

Market Power or Just Scale Economies?

While increased economies of scale may offer a partial explanation for higher margins and declining dynamism in the US economy, growing market power provides...

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...

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 7–16)

Is the government's response to the 2008 financial crisis responsible for the rise of populism in the US and Europe?; the real Google censorship...

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...

What Current Research (Still) Gets Wrong about Market Power

Two much-discussed new studies argue that market power is on the rise not only in the United States, but also around the world. Here,...

LATEST NEWS

Tech Platforms and the Antitrust Duty to Deal

Why is there a widespread view that existing American antitrust law is ill-equipped to address dominant platforms that exclude or discriminate against...

Study: the Covid-19 Eviction Moratoriums Helped Reduce Food Insecurity and Mental Stress

A new study investigates the impact of 2020 Covid-19 rental eviction moratoria on the wellbeing of US households, finding that eviction moratoria...

Cogs and Monsters: Is Economics Destined to Remain a Dismal Science?

In her bold new book Cogs and Monsters: What Economics Is, and What It Should Be, Cambridge professor Diane Coyle offers a...

Is there a “California Effect” in Data Privacy Law? Why the EU is Not the World’s Privacy Cop

It is common lore in data privacy law and other fields that stringent regulatory standards (such as the ones introduced in the...

Governments Were Forced to Restrict Civil Liberties to Deal With Covid-19. More Flexible Constitutions Could Prevent That From Becoming the New Normal

A new paper argues that exploitation of gaps within democratic constitutions during emergencies, such as the Covid-19 pandemic, has the potential to...