regulatory capture
Are Monopolists or Cartels the True Source of Anticompetitive US Political Power?
Trade associations are often the biggest obstacles to competitive markets, especially when those organizations use their influence to change public policy in their favor.
Dana...
“Uber Has Higher Prices and Worse Service Than the Taxi Industry Had Ten Years Ago”
Following the Uber Files leaks, transportation expert Hubert Horan explains why Uber is “hopelessly uneconomic” and how its engagement with policymakers and academics aided...
Healthcare Companies Spent More on Lobbying Than Any Other Industry Last Year
Threatened by regulated price caps from congress, the pharmaceutical industry spent nearly $390 million on lobbying in 2021 according to new data from OpenSecrets.
Healthcare...
The Mechanisms of Regulatory Capture
To mark the 50-year anniversary of George Stigler’s seminal piece, “The Theory of Economic Regulation” we are publishing a new eBook examining his theory’s...
Q&A With FTC Chair Lina Khan: “The Word ‘Efficiency’ Doesn’t Appear Anywhere in the Antitrust Statutes”
FTC Chair Lina Khan sat down with Guy Rolnik to discuss changes in governmental posture toward antitrust enforcement, her goals as head of the...
Why Financial Regulations Might Fail to Produce Their Desired Outcome: The Case of the Capital Conservation Buffer
The capital conservation buffer (CCB) was created after the 2008 financial crisis, instructing banks to retain their dividends in an escrow account and create a...
How Manufacturing’s Lobby Won and Lost its Political Influence
What happens when supporting capitalism hurts capitalists? Do business lobbies ever control the economy to the extent we think they do? The tumultuous history...
Big Tech, the FTC, and Ordoliberals: ProMarket’s Top Stories of 2021
As 2021 draws to a close, we look back at ProMarket’s most-read and most-widely shared stories of the past year.
In a year marked by a...
Populism at the FTC Upsets the Antitrust Religion of Consumer Welfare: A Reply to Sokol and Wickelgren
Institutional change, on any fundamental level, will have those that seek to defend the status quo up in arms. But in order to effectively...
How to Fix the Courts’ Misuse of Economics
Economics has a valuable role to play in antitrust enforcement, but the courts often base their antitrust decisions on unfounded empirical claims or the...
