Business & Industry

ProMarket and the Consumer Welfare Standard An output increase is not sufficient to increase welfare. Allocation—how goods are distributed—matters.

Using computational linguistics to estimate firm-level cyber risk exposure based on quarterly earnings conference calls.

Does cyber risk exposure, as opposed to actual incidents, affect firm outcomes?

In his new book, “Plunder: Private Equity’s Plan To Pillage America,” Brendan Ballou, a federal prosecutor who served as Special Counsel for Private Equity in the Justice Department’s Antitrust Division, outlines the dangers of a trillion-dollar industry that hardly anyone understands. He explains how Americans can fight their harmful practices.

Cisco’s turn from innovation to financialization and what it means for the competitive position of the US information-and-communication-technology industry

The advent of military Keynesianism is a warning against complacency about the moral superiority of the West in defending Ukrainian democracy.

How Showering Money on Both Parties Paralyzed Regulators

Despite the accumulation of serious and unsolvable problems, the Consumer Welfare Standard survives and continues to be taught to students for reasons unrelated to theoretical consistency and empirical confirmation.

The Consumer Welfare Standard is severely limited or defective, preventing it from being an appropriate standard for modern antitrust.

Evidence sharply contradicts PhRMA’s contention that its member companies need unregulated drug prices to generate profits that they then reinvest in drug innovation.

Economist Cristina Caffarra, a leader in competition and antitrust, warns that ever-expanding tech giants raise concerns about the extent of their power.

Thirty Years of Indian Economic Reforms: Assessing the Growth and Development of Kerala

Financial Times columnist and author Rana Foroohar talks about her new book Homecoming: The Path to Prosperity in a Post-Global World

Thirty Years of Indian Economic Reforms: Assessing the Growth and Development of Kerala

How big tech barons crush innovation—and how to fight back