Competition makes capitalism work. A new method for measuring it may be the holy grail of economic regulation.
The core argument is that our standard tools for measuring competition — market concentration and markups — are often measuring the wrong thing entirely, and can lead regulators to block mergers or unwind consolidation that’s actually a sign of a healthy market.
SonChadhan on
This sub is getting astroturfed harder than a minigolf course. Yes I know what a monopoly is, no you can’t gaslight me into thinking “these monopolies are good actually!”
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Competition makes capitalism work. A new method for measuring it may be the holy grail of economic regulation.
The core argument is that our standard tools for measuring competition — market concentration and markups — are often measuring the wrong thing entirely, and can lead regulators to block mergers or unwind consolidation that’s actually a sign of a healthy market.
This sub is getting astroturfed harder than a minigolf course. Yes I know what a monopoly is, no you can’t gaslight me into thinking “these monopolies are good actually!”