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Tag Archives: anti-trust

IPA’s weekly links

Guest post by Jeff Mosenkis of Innovations for Poverty Action Claudia Goldin charts a century of women in the workforce I’ve heard these days in medicine there’s a glut of papers that are all essentially “[thing I was doing already] + in the time of COVID,” which seems like is true of all fields now. The German Development Institute for Evaluation (DEval) has a helpful roundup of several useful new hubs for evidence, research, and methodology resources for dev/social science. A few weeks ago...

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“You Can Put the Monopoly Tiger in a Cage but You Cannot Transform a Tiger Into a Vegan” — TheMarket interviews Luigi G. Zingales

Even from a conservative point of view, the concentration of power at large tech companies is scary. As a true conservative, you’re afraid of the constitutional power in the government. Not because the government is evil per se, but because you don’t trust human nature and concentration of power. So if you have the same concentration of power in the private sector it doesn’t become fine all of a sudden. If anything, it becomes more dangerous. At least, we have ways to address the...

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ProMarket — “The World Has Changed”: the New York Times on Luigi Zingales, the “Chicago School,” and the Threat of Tech Monopolies

A New York Times profile summarizes the work done by Luigi Zingales and the Stigler Center on regulating digital platforms and describes it as a necessary evolution in the traditional Chicago approach.... ProMarket — The blog of the Stigler Center at the University of Chicago Booth School of Business“The World Has Changed”: the New York Times on Luigi Zingales, the “Chicago School,” and the Threat of Tech MonopoliesSee also at ProMarketPresenting: The Stigler Center’s Report on How to Rein...

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How Robert Bork Fathered the New Gilded Age — Sandeep Vaheesan

Much like in the first Gilded Age, antitrust enforcers today are hitting labor, not capital. This is thanks to Robert Bork’s radical and influential reinterpretation of antitrust law. In helping successfully rewrite antitrust, Bork left a legacy of corporate supremacy and individual powerlessness. Yeah, that Robert Bork as it "getting borked."PromarketHow Robert Bork Fathered the New Gilded AgeSandeep Vaheesan

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Reuters — Treasury’s Mnuchin says Amazon ‘destroyed’ U.S. retail sector

“If you look at Amazon, although they’re certain benefits to it, they’ve destroyed the retail industry across the United States,” Mnuchin told CNBC. “I don’t have an opinion other than I think it’s absolutely right the attorney general is looking into these issues and I look forward to listening to his recommendations to the president.” Are we finally going to start talking about anti-trust, which. incidentally, was at the heart of US progressivism historically.ReutersTreasury's Mnuchin...

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Fiona Scott Morton — Modern U.S. antitrust theory and evidence amid rising concerns of market power and its effects

Overview The experiment of enforcing the antitrust laws a little bit less each year has run for 40 years, and scholars are now in a position to assess the evidence. The accompanying interactive database of research papers for the first time assembles in one place the most recent economic literature bearing on antitrust enforcement in the United States. The review is restricted to work published since the year 2000 in order to limit its size and emphasize work using the most recent...

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Jonathan B. Baker — Market Power or Just Scale Economies?

In this post, which is based on my FTC testimony, I explain why growing market power provides a better explanation for higher price-cost margins and rising concentration in many industries, declining economic dynamism, and other contemporary US trends, than the most plausible benign alternative: increased scale economies and temporary returns to the first firms to adopt new information technologies (IT) in competitive markets.The benign alternative has an initial plausibility because the...

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Douglas A. Irwin — Stigler on Monopolies: “Competition is a Tough Weed, Not a Delicate Flower”

Many of Stigler’s views on monopoly and antitrust were consistent through the decades. Even after his concerns of monopoly began to recede, he continued to believe that monopolies and oligopolies were still prevalent in the American economy and that they “should be a source of serious concern for public policy.”... ProMarket — The blog of the Stigler Center at the University of Chicago Booth School of BusinessStigler on Monopolies: “Competition is a Tough Weed, Not a Delicate Flower”Douglas...

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