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.
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 ...
October 5, 2018
Yesterday the good folks at the Information Technology and Innovation Foundation (ITIF) held an important and timely event on the future of antitrust policy. The splotlight was on a new study by ITIF Senior Fellow Joe Kennedy titled “Why the Consumer Welfare Standard Should Remain the Bedrock of Antitrust Policy.”
September 20, 2018
In a joint letter released this week, thirty free market groups urged House Ways and Means Chairman Kevin Brady (R-TX) to oppose “any effort to expand the current electric vehicle tax credit in any way.” The federal government currently provides a tax credit of up to $7,500 for the purchase of a plug-in electric vehicle. The credit begins to phase out for a manufacturer’s EVs when 200,000 of those vehicles have been sold in U.S. markets.
August 28, 2018
The Federal Trade Commission (born in 1914, fathered by Woodrow Wilson) is hosting a series of hearings and discussions on “Competition and Consumer Protection in the 21st Century,” particularly as these are affected by emerging business models in the modern high-tech economy. We at the Competitive Enterprise Institute provided a brief filing and there will be more opportunities for the public to weigh in.
August 9, 2018
Yesterday, the New York City Council voted to impose a one-year cap on the number of ride-hailing vehicles able to operate in the city. The bills also allowed the city to impose a minimum level of compensation for ride-hailing drivers.
August 7, 2018
Social media outlets have been filled with commentary this week about the decisions by Apple, Facebook, YouTube, and Spotify to remove content created by talk show host and conspiracy theorist Alex Jones. This is a useful opportunity to clarify what actually counts as “censorship” and what responsibilities that media platforms have to the public.
August 1, 2018
Today, the Competitive Enterprise Institute launches its new video about the platform economy. Platforms are an ancient way of doing business—think of matchmakers, city fairs, and town markets—that bring together two or more parties to make economic transactions. Today, digital platforms allow a far wider reach, bringing together people in a way that was unthinkable just a generation ago.
July 18, 2018
Dominance and popularity are not the same as a coercive monopoly. The European Commission is behaving in protectionist fashion, not in a manner benefitting consumers, and the fines are inappropriate, unwarranted, and plain wrong. Google is no monopoly, as the existence of Apple’s iPhone and other options attest. There is always some new disruptive technology on the horizon (remember the MySpace monopoly? The AOL one?).
July 17, 2018
T-Mobile and Sprint—the third and fourth largest mobile carriers in the United States, respectively—are in the process of merging into a single company under the T-Mobile brand. Together, T-Mobile–Sprint would have roughly 127 million subscribers, meaning the merged firm would for the first time rival the nations’ two largest wireless companies, Verizon Wireless and AT&T, which have long led the pack among U.S. carriers.