Protecting Competition in the American Economy: Merger Control, Tech Titans, Labor Markets
By Carl Shapiro. Journal of Economic Perspectives, 2019
118 citations recorded by the source corpus.
Accumulating evidence points to the need for more vigorous antitrust enforcement in the United States in three areas. First, stricter merger control is warranted in an economy where large, highly efficient and profitable “superstar” firms account for an increasing share of economic activity. Evidence from merger retrospectives further supports the conclusion that stricter merger control is needed. Second, greater vigilance is needed to prevent dominant firms, including the tech titans, from engaging in exclusionary conduct. The systematic shrinking of the scope of the Sherman Act by the Supreme Court over the past 40 years may make this difficult. Third, greater antitrust scrutiny should be given to the monopsony power of employers in labor markets.
Subfields: Economics and Econometrics
View Paper: https://www.semanticscholar.org/paper/18c16b78aa5c07bcb22920eb2081bcac49ad0437
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Economics and Econometrics
Citations in the corpus
- Artificial Intelligence and Entrepreneurship: Implications for Venture Creation in the Fourth Industrial Revolution (2020, background): “This growing consolidation of “large tech” has already been linked to a long-term decline in business dynamism (Decker et al., 2016, 2017; Shapiro, 2019).”