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Monopolies

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...
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The Monopolists and the Pandemic: What Covid-19 Teaches Us About Concentrated Power

In the preface of his new book Liberty from All Masters: The New American Autocracy vs. the Will of the People, Barry...
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Webinar: Monopolies and the Rise of Nazism in Germany

The Stigler Center’s Monopolies and Politics Workshop Webinar Series explores some of the themes we'll explore at our 2020 Antitrust and Competition Conference: University...
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How to Save 40 percent of the Payroll Protection Program’s Costs

Thanks to the loan program part of the CARES Act, small businesses can receive up to 2.5 times their monthly payroll, regardless of how much...
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How Economic Concentration and Crony Capitalism Led to the Chaos in Chile

The signals of unrest in Chile mounted for years amid corruption scandals, rising inequality, and new monopolies. The fare increase on public transport that...
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How the “Watergate Babies” Released the Beast of Monopoly Upon America

Why did Washington respond to the 2008 financial crisis by pushing even more wealth and power into the hands of the same people that...
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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...
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Restoring Antimonopoly Through Bright-Line Rules

The “consumer welfare” approach to antimonopoly is the main contributor to the extreme and dangerous concentrations of power that Americans face today. In place...
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When the Interests of Monopolists and Authoritarians Coalesce

It is when the behemoth of monopoly enterprise consorts with the leviathan of the authoritarian state that both are likely to achieve permanence, writes...
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If You Don’t Think Today’s Tech Giants Are Vicious, Just Ask Venture Capitalists

Silicon Valley today resembles the deepest part of the jungle known as the triple canopy, where tall trees block out all the light and...
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Antitrust and Competition

George Stigler on Henry Simons, “Crown Prince” of the Chicago School

George Stigler
To mark 75 years since the passing of Henry Simons, professor of Economics and Law at the University of Chicago, ProMarket is...
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Commentary

Electoral College Reform: New Problems or Real Solutions?

Laurent Bouton, Micael Castanheira, Garance Genicot
Each electoral system creates specific incentives to (mis)allocate government resources. Would putting the National Popular Vote (NPV) in lieu of the Electoral...
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Antitrust and Competition

When Do Users Benefit From Platform Mergers?

Chiara Farronato, Jessica Fong, Andrey Fradkin
A new paper shows that platform mergers can harness network effects at the cost of reducing the platform differentiation that users value. 
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Economic History Series

Harold Demsetz and Israel Kirzner Understood That Competition Regulates Markets

Peter J. Boettke, Rosolino A. Candela
Economists Harold Demsetz and Israel Kirzner challenged the prevailing orthodoxy in microeconomic analysis and public policy beginning with their respective work in...
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Antitrust and Competition

The Covid-19 Pandemic Should Not Delay Actions to Prevent Anticompetitive Consolidation in US Health Care Markets

Leemore Dafny
Harvard Business School professor Leemore Dafny lays out potential reforms to assist agencies in halting anticompetitive acquisitions and practices, and to preserve...
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ProMarket is dedicated to discussing how competition tends to be subverted by special interests. The posts represent the opinions of their writers, not necessarily those of the University of Chicago, the Booth School of Business, or its faculty. For more information, please visit ProMarket Policy.

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