1. Confronting Rising Market Power
- Author:
- Jonathan B. Baker and Fiona Scott Morton
- Publication Date:
- 05-2019
- Content Type:
- Policy Brief
- Institution:
- Economics for Inclusive Prosperity (EfIP)
- Abstract:
- Rising market power in the U.S. economy is not just a microeconomic problem, as the textbook analysis shows, creating allocative efficiency losses and transferring wealth away from victimized participants in the affected markets. Rising market power also undermines inclusive prosperity by contributing to inequality and slowed economic growth. Modern economic research points to multiple ways to attack market power and enhance competition, including ways of strengthening antitrust enforcement, improving antitrust rules and institutions, and deploying regulation to enhance competition.
- Topic:
- Economics, Economic Policy, Economic Theory, Macroeconomics, and Microeconomics
- Political Geography:
- United States