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OpenMarket: Antitrust and Competition

  • Best Books of 2018: Life after Google

    December 24, 2018
    Are Tucker Carlson’s predictions of Google taking over the future keeping you up at night? Sooth yourself with the creative destruction described in “Life after Google: The Fall of Big Data and the Rise of the Blockchain Economy” by George Gilder. The famous economist, writer, investor, and tech guru argues that Google’s days of aggregate and advertise success are numbered and goes into considerable depth about why.
  • Year in Review 2018: Antitrust

    December 21, 2018
    If 2018 was a bad year for antitrust skeptics, 2019 promises to be worse. We must hope that the Federal Trade Commission and Department of Justice hold the line against the pressure, and refrain from unleashing the antitrust kraken.
  • CEI Takes on Antitrust

    December 14, 2018
    There is a concerted effort from elements on both sides of the political aisle to use antitrust law to regulate and ultimately break apart Big Tech companies. This is a grave mistake, and would represent one of the largest and most visible government interventions into the economy we’ve seen in decades.
  • Top Ten Antitrust Targets

    December 10, 2018
    Columbia University professor Tim Wu is author of the new book The Curse of Bigness: Antitrust in the New Gilded Age, which calls for a more active approach to antitrust regulation (see also Richard Epstein’s review in The Wall Street Journal). Wu wants to see more “big cases” along the lines of previous lawsuits against Standard Oil, AT&T, and IBM. The last such case was against Microsoft, nearly two decades ago.
  • Last-Minute Delay in CVS-Aetna Deal Could Threaten Consumer Benefits

    December 6, 2018
    U.S. District Court Judge Richard Leon surprised many on Monday when he announced he may halt the integration of CVS pharmacy’s assets with the nation’s third largest healthcare insurance company, Aetna. Usually the judicial review of a merger already approved by the Department of Justice is a mere formality, as evidenced by the fact that the companies went ahead and closed the $69 billion deal late last month, but at a hearing Monday, Judge Leon said he has concerns about the merger’s consequences for consumers.
  • Repeal Barriers to Competition: Abolish Antitrust

    November 14, 2018
    My colleague Iain Murray has some excellent new content out today in the form of a Web Memo titled “How Antitrust Regulation Hinders Innovation and Competition: Framing a Broken Debate.” Iain briskly defines the three major perspectives on antitrust theory (interventionist, consumer welfare, and free market) and steers readers toward an appreciation that antitrust enforcement itself—along with similar economic regulations—are often the cause of, rather than solution to, consumer harm.
  • What Do the Midterms Mean for Big Tech?

    November 8, 2018
    For the big technology firms, the midterm elections were never going to change much.  Whatever the result, they were going to face more scrutiny over the next year. The only difference is in what sort of scrutiny. If anything, the split in control of the chambers presents the worst of both worlds.
  • Food Truck Freedom Marches on in North Carolina

    October 26, 2018

    There is good news for fans of the Poor Piggy’s BBQ food truck. The town of Carolina Beach, North Carolina has reversed its anticompetitive policy banning food trucks (that aren’t owned by existing restaurants) and will now allow freedom of tacos and gyros to reign.

  • Celebrating the 40th Anniversary of Airline Deregulation

    October 24, 2018

    Forty years ago today on October 24, 1978, President Jimmy Carter signed the Airline Deregulation Act into law. This bipartisan legislation led to the elimination of price controls and route-setting by the now-abolished Civil Aeronautics Board. Since then, U.S. airline passenger volumes have increased by 210 percent—from about 250 million in 1978 to 850 million in 2017—while average inflation-adjusted airfares have fallen by more than 40 percent. 

  • Discard Static Market Analysis, Let Sprint and T-Mobile Merge

    October 18, 2018

    The Competitive Enterprise Institute has been making a convincing case for a swift and condition-free approval from regulators of the proposed Sprint and T-Mobile merger since the beginning. It’s always nice, however, when someone from the Massachusetts Institute of Technology agrees with you. A recent study from MIT research associate Dr. William Lehr makes some of the points we’ve been advocating here on the blog and out in the ...

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