markups

The Cost of America’s Oligopoly Problem

An innovative new study finds substantial, increasing deadweight losses resulting from oligopolistic behavior and points to the important role that startup acquisitions—particularly by large...

Global Declining Competition

Studies of the evolution of market power since 2000 have focused mostly on publicly traded US firms. This column introduces a new global study...

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,...

70 Years of US Corporate Profits

A new Stigler Center working paper shows that after decades of decline, profits started increasing in the early 1980s. Financial profit is ostensibly the...

Factorless Income and Some Skepticism on the Case for Rising Markups

If imputed payments to labor and capital don’t add up to GDP, what should be done with the residual? New research from Chicago Booth...

LATEST NEWS

“An Offer We Can’t Refuse”: How We Gave Away Our Data and Made Big Tech What It Is Today

WhatsApp’s new terms of service should come as no surprise. For years, Big Tech has been offering its users these “take it...

Paul Romer: “If You Think Moderation is Censorship, You’ve Got a Competition Problem”

During a Stigler Center keynote webinar, Nobel laureate Paul Romer discussed concentration problems in the US and possible solutions, including a “pigouvian”...

The “Next Frontier of Propaganda”: Micro-Influencers are Paid to Spread Political Messages, Disinformation

Online influencers aren’t in the business of promoting just products anymore. New research finds that micro-influencers are increasingly used to spread political...

Digital Markets Act: Policy Choices and Conditions for Success

Last month, the European Commission introduced an ambitious new set of rules for digital platforms, the Digital Markets Act. Here is what...

The Silent Coup

President Donald Trump's seditious actions are exposing the political power that Twitter, Amazon, Google, Apple, and Facebook enjoy. Banning him from their...