SEARCH: antitrust

Concerns About Concentration

Overview: A number of studies in recent years have fueled policymakers’ concerns over rising market concentration and the state of competition in US industry. However, determining the relationship between market concentration and other key economic outcomes­—such as markups, profit rates, labor share, and the state of competition more broadly—is fraught with empirical challenges. The state […]

Causes, Consequences, and Policy Responses to Market Concentration

Overview: Measures of market concentration in many U.S. industries have been rising for nearly four decades. Since the early 2000s, these trends have coincided with a falling labor share of income, declining private investment, and rising corporate profit rates and markups (the difference between price and marginal cost). Philippon argues these patterns are unique to […]

Austan D. Goolsbee

AUSTAN D. GOOLSBEE is the Robert P. Gwinn Professor of Economics at the University of Chicago’s Booth School of Business where he has served on the faculty since 1995. Goolsbee previously served in Washington as the chairman of the Council of Economic Advisers and a member of the president’s cabinet and prior to that as […]