-
1 month ago | 
promarket.org | Alan D. Jagolinzer |Jacob Shapiro
Alan D. Jagolinzer and Jacob N. Shapiro write that the new Trump administration’s efforts to improve government efficiency through the cancellation of contracts and other promises will inevitably raise costs as businesses and investors demand a risk premium to account for lost trust.
-
2 months ago | 
promarket.org | Alissa Cooper |Zander Arnao
Alissa Cooper and Zander Arnao argue that a lack of competition in social media has allowed dominant platforms to design algorithms to maximize for user engagement without concern for user experience, which may produce feelings of negativity and partisanship among users. The authors further contend that there exist alternative algorithmic designs that optimize for both […]
-
Jan 16, 2025 | 
promarket.org | John Kay
The following is an excerpt from John Kay’s new book,“The Corporation in the 21st Century,” now out at Yale University Press. It is neither necessary nor sufficient to determine whether shareholders are owners of the corporation to decide whether the company does, as [Milton] Friedman asserts, have a responsibility to maximise its profits. The legal duties of directors and executives follow the law of the country where they operate.
-
Jan 13, 2025 | 
promarket.org
Three antitrust experts predict the trends and cases that will define United States antitrust in 2025. AI competition Robin Feldman, University of California Law San Francisco 2025 will be the year to watch how federal and state competition authorities view the “Big 5” technology companies (Apple, Microsoft, Amazon, Alphabet, and Meta) dominating the United States […]
-
Jan 9, 2025 | 
promarket.org | Diana Moss
Diana Moss writes that a new Massachusetts economic development bill with a provision for limiting the transferability of tickets to live events has succumbed to Live Nation-Ticketmaster’s campaign to regulate the resale ticket market, strengthening its monopoly and harming consumers. Sports fans and concertgoers have lived with Live Nations-Ticketmaster’s monopoly grip on the ticketing market for decades.
-
Jan 7, 2025 | 
promarket.org | Bill Baer
Bill Baer argues that the United States’ history with promoting national champions through industrial policy shows how protection and the diminution of competition often backfires on the favored companies and the state. He writes that industrial policy must complement competition policy. The European Union is currently debating whether economic policy should promote national champions—enabling European firms to better compete internationally—even if that means diminishing domestic competition.
-
Dec 10, 2024 | 
promarket.org | Brooke Fox
Recent negative news on the production of electric vehicles in the United States call into question the government’s industrial policy boosting Detroit’s efforts to go green. Susan Helper writes that not only have there been significant benefits from President Joe Biden’s industrial policies, but promoting the production and adoption of electric vehicles remains essential to achieving national decarbonization targets and increasing resilience, innovation, and national security.
-
Dec 9, 2024 | 
promarket.org | Giovanna Massarotto
Some American policymakers have sought to adopt and adapt aspects and principles of the European Union’s Digital Markets Act in an effort to regulate Big Tech giants. In new research, Giovanna Massarotto writes that the principle ideologies driving American and European antitrust, and the broader political economy, renders the DMA and its principles too foreign for American adoption. United States antitrust law is at a crossroads. Technology is disrupting every aspect of our economy and society.
-
Nov 22, 2024 | 
promarket.org | Herbert Hovenkamp
Herbert Hovenkamp writes that the First Court’s recent ruling against American Airlines and JetBlue for coordinating operations in New York City and Boston exemplifies the correct application of antitrust’s rule of reason, which has troubled courts and plaintiffs and led to underenforcement for decades. Antitrust’s rule of reason is a mess. The problem is not how the rule is articulated but rather how it is applied.
-
Nov 18, 2024 | 
promarket.org | John Mayo
John W. Mayo reviews whether or not the articulated principles and priorities of the Neo-Brandeisian movement in antitrust scholarship and enforcement represent a “paradigm shift,” per the philosophy of Thomas Kuhn. Mayo finds that the Neo-Brandeisian discourse is best understood as situated within the continuum of the current antitrust paradigm, and that many of its efforts to substantiate its distinctive ideas have failed to properly ground them in empiricism or repudiate existing studies.