No individual actor would have market power in a perfectly competitive market, argue economists Paul Krugman and Robin Wells in the second edition of their book "Economics." Under competitive market ...

Home sellers in the Northeast, Midwest, and Southern California have the most power, while homebuyers in Florida and Texas have the most power. That’s according to a survey of resale real estate ...

Antitrust enforcement in the United States has become a populist rallying cry and a rare example of bipartisan agreement. The Trump administration unsuccessfully sued to block the $85 billion merger ...

Ge Bai ([email protected]) is an associate professor of accounting in the Johns Hopkins Carey Business School, in Baltimore, Maryland. Gerard F. Anderson is a professor in the Department of Health ...

Evidence suggests that large digital service platforms with market power deserve much closer antitrust scrutiny. The data show that the United States has a competition problem. In many industries ...

When Louis Brandeis inveighed a century ago against the misuse of “other people’s money,” he had in mind the humble deposit, the dollars that customers stash in banks for safekeeping and future use.

The authors do not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and have disclosed no relevant affiliations beyond their ...

Contrary to the longstanding conventional wisdom, the monopoly power conferred by new technologies is neither short-lived nor is it a small price to pay for the associated benefits. Rising market ...

The crisis has hit small and medium enterprises especially hard, causing massive job losses and other economic scars. Among these—less noticeable, but also serious—is rising market power among ...

In making such decisions, central bankers have to consider how much businesses and consumers will respond. The structure of the financial system and the future expectations of consumers and businesses ...