Mergers

A German Approach to Antitrust for Digital Platforms

In Chapter 2 of the ebook Digital Platforms and Concentration, forthcoming ahead of the Stigler Center’s annual antitrust conference on April 19 and 20, Justus...

Editors’ Briefing: On Our Radar This Week (March 10-March 17)

This week in political economy.     A federal appeals court voided the Department of Labor's “fiduciary rule,” an Obama-era rule that instructed financial professionals like...

Why Behavioral Remedies Won't Work in the Case of AT&T-Time Warner

It is clear from the economics in the government’s complaint against the AT&T-Time Warner merger that the harms to competition articulated by the Department...

Editors’ Briefing: On Our Radar This Week (Dec. 9–Dec. 16)

This week in political economy.      House and Senate Republicans released the final version of their tax bill late Friday afternoon. The Washington Post breaks...

Will Repeal of Net Neutrality Accelerate the Trend in Media Consolidation? The History of Cable Suggests "Yes"

The history of cable and cable programming strongly suggests that without specific FCC safeguards, we can expect a massive “arms race” by providers to...

The DOJ Has a Strong Case Against the AT&T-Time Warner Merger

If the merging parties are true to their many tough public statements, and they stick the litigation out long-term, the odds are not bad...

Mergers Are Bad for Innovation

Mergers tend to reduce overall innovation, making consumers “always worse off after a merger," says Tommaso Valletti, the European Commission’s Chief Competition Economist. As competition authorities...

Study: Politically-Connected Firms More Likely to Receive Favorable Merger Reviews from Antitrust Regulators

A new study finds that firms connected to members of the House and Senate judiciary committees are more likely to receive favorable merger reviews.     The...

How Pro-Competition Rules Can Benefit Consumers: A Look at the Wireless Industry

A new Stigler Center working paper examines the political factors that shape competition in the wireless sector around the world and finds that pro-competition rules...

Do Mergers Benefit or Harm the Economy? Q&A with Bruce Blonigen

A new paper finds that mergers allow firms to raise prices, but finds no evidence that they improve productivity or efficiency. Do large mergers benefit or harm consumers? Over...

LATEST NEWS

Why Privacy Experts Need a Place at the Antitrust Table

Antitrust enforcers have tended to stay narrowly “in their lane,” failing to engage with how data is collected and used by digital...

Assessing George Stigler’s Economic Theory of Regulation

Despite its flaws and limitations, Stigler’s seminal article on the theory of economic regulation remains an important piece of scholarship worthy of...

“Old Chicago” and Freiburg: Why Ordoliberalism Was No “German Oddity”

Both the Chicago and Freiburg schools faced systemic fragility as the crucial property of societal orders. It was this fragility that served...

The Many Faces of Stigler’s Theory of Economic Regulation: Interest Group Politics Still Thrives—But Industry Often Comes Second

Stigler treats industry groups as the heavyweights in regulatory contests. But surprisingly often groups of farmers and workers knock them for a...

Why the FTC Should Consider Size in Drug Mergers

Large pharmaceutical firms retain their dominance through size-related advantages in three areas: contracting, marketing and selling, and financing. When reviewing pharmaceutical mergers,...