April 2020
Intermediate to advanced
192 pages
2h 36m
English
by William A. Galston and Clara Hendrickson
Market concentration is rising while economic competition—the bedrock of a dynamic, free market economy—is under threat. No wonder the framework that has guided antitrust enforcement for the last four decades is coming under intense scrutiny.
There are at least three schools of thought about the future of antitrust, each of which deserves consideration. To determine which one is best—and we do have a view—it’s helpful to review the growing evidence on why market concentration is so dangerous to the economy.
A comprehensive study of recent mergers found that product prices rose postmerger in nearly two-thirds ...
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