Mergers

When Big Tech Firms Buy Startups, Antitrust Enforcers Should Take Notice

A frequent argument made in favor of allowing Big Tech firms to acquire smaller firms is that permissive merger policy promotes innovative...

Amazon-Owned Movie Theaters: the Next Step in Entertainment Industry Consolidation

Amazon is in talks to buy AMC Theaters, whose business model was jeopardized by the coronavirus pandemic. Other streaming companies, such as...

With the Court Approval of the T-Mobile/Sprint Merger, the Dominant Doctrine in Antitrust Has Jumped the Shark

New York Judge Victor Marrero allowed two major mobile companies to merge in an already concentrated telecom industry, ensuring that prices will rise and...

"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...

High-Priced Acquisitions of Tech Startups Do Not Always Stimulate More Innovation

What seems to be a big reward to innovation ultimately reduces the incentive to innovate, argues a new Stigler Center working paper by Krishna...

Vertical Media Mergers Are a Serious Threat to Freedom of Speech

Antitrust regulators should stop mergers where a firm owning the means of transmission acquires a provider of content. The people that own the pipes...

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...

Paging Don Qixote: The Last Hope for American Merger Law

Of the eight or nine hundred antitrust claims each year, few are private merger claims, and almost all of them fail. That is why...

Can Horizontal Mergers Actually Boost Competition?

Research by Dirk Hackbarth and Bart Taub shows the potential to merge in the future increases competition prior to merging. Hence--in contrast to the...

How Might A Justice Kavanaugh Impact Antitrust Jurisprudence?

Throughout his judicial career, the US president’s latest nominee to the Supreme Court, Brett Kavanaugh, has written three antitrust opinions. Here, Stephen Calkins of...

LATEST NEWS

The ACCC’s News Media Bargaining Code: Experimenting with “Decentralized Regulation” of Dominant Digital Platforms

The Australian Competition and Consumer Commission recently proposed a mandatory bargaining code to govern negotiations between digital platforms like Google and Facebook...

Market Forces Already Address ESG Issues and the Issues Raised by Stakeholder Capitalism

Eugene Fama: When do market forces push firms toward stakeholder goals, rather than just shareholder goals? When do market forces push firms...

Capitalisn’t Is Back: Can Economists and Journalists Work Together to Improve Capitalism?

Is capitalism the engine of prosperity, or is it the engine of destruction? On this podcast, we talk about the ways capitalism...

Missing in Today’s Shareholder Value Maximization Credo: The Shareholders

Luca Enriques: Today’s corporate world is very different from the one Milton Friedman wrote in. In a world where the question of...

Australia’s News Media and Digital Platforms Bargaining Code is Great Politics But Questionable Economics

If the Australian government wants to subsidize high-quality journalism then it should, well, subsidize high-quality journalism. The new proposed ACCC code would...