productivity
We Need Better Research on the Relationship Between Market Power and Productivity in the Hospital Industry
Antitrust debates have largely ignored questions about the relationship between market power and productivity, and scholars have provided little guidance on the issue due to data limitations. However, data is plentiful on the hospital industry for both market power and operating costs and productivity, and researchers need to take advantage, writes David Ennis.
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...
The “Biggest Puzzle in Economics”: Why the “Superstar Economy” Lacks Any Actual Superstars
A new study finds that the contribution of superstar firms to US productivity growth has decreased by more than 40 percent over the past...
Antitrust in a Changing Economy and Changing Economics
Jason Furman, former chair of the White House Council of Economic Advisers: We will likely need to update our competition policies to promote competition if we...
How a Marshall Plan Program Boosted the Performance of Italian Firms for Decades
During the 1950s, as part of the Marshall Plan, the US subsidized loans to help European firms purchase technology and sponsored training trips for...
