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Antitrust

The FTC’s Antitrust Overreach Is Hurting U.S. Competitiveness and Destroying Value

Yale SOM’s Jeffrey Sonnenfeld and Steven Tian write that FTC chair Lina Khan’s attempts to block mergers are draining economic value—and consistently failing in court.

Lina Kahn testifying
  • A Wave of Acquisitions May Have Shielded Big Tech from Competition

    According to a new study co-authored by Florian Ederer, the fraction of startups that are acquired has skyrocketed, eliminating many potential competitors of big tech firms.

    An illustration of fish/lightbulbs being attracted to a glowing dollar sign suspended by an anglerfish.
  • The End of Noncompete Agreements May Be Near

    Earlier this month, the Federal Trade Commission unveiled a proposal that would block companies from limiting their employees’ ability to work for a rival through noncompete agreements. We asked Yale SOM’s Fiona Scott Morton about the ban’s potential impact on wages, innovation, and the economy as a whole.

    A drawing of a bird escaping a cage
  • Did Ticketmaster’s Market Dominance Fuel the Chaos for Swifties?

    Taylor Swift fans scrambling for concert tickets faced endless queues and crashes on the Ticketmaster website. Yale SOM economist Florian Ederer explains the antitrust issues at play and the tradeoffs inherent in satisfying overwhelming demand.

    Taylor Swift performs at the MTV Video Music Awards in 2019.
  • The Rise of the Mutual Fund Is Reducing Corporate Competition and Hurting Consumers

    Mutual funds have become large shareholders in most public U.S. firms. The resulting overlaps in ownership are boosting corporate profits but harming consumers, according to a new study co-authored by Florian Ederer of Yale SOM.

    A balloon tethered to the ground with sandbags labeled with the names of mutual fund companies
  • Will the EU’s New Law Remake Big Tech?

    We asked Prof. Fiona Scott Morton, an expert on antitrust policy, what the Digital Markets Act will mean for users in Europe and elsewhere.

    The newly announced Apple Watch on display in Paris in September 2014. 
  • Does Big Tech Gobble Up Competitors?

    An executive order from President Joe Biden last month and a congressional report in October accused large technology firms of engaging in “killer acquisitions,” citing research by Yale SOM’s Florian Ederer.

    A crocodile with two fish in its mouth
  • Can Congress Create Real Competition for Big Tech? 

    Last week, members of Congress from both parties introduced a series of bills to curtail the dominance of the major technology firms. We asked Prof. Fiona Scott Morton if the proposed legislation would help level the playing field.

    A group of apps for Google, Amazon, Apple, and Facebook in "jiggle mode," with delete buttons on each one
  • Social Media Is Addictive. Do Regulators Need to Step In?

    Yale SOM’s Fiona Scott Morton and her co-authors argue that smarter and more robust antitrust enforcement can help, by making room for new social media platforms that promote themselves as healthier alternatives.

    An illustration of someone reaching through a smartphone screen and reaching for likes and other social media icons
  • Video: Why You Should Care about Antitrust

    We asked Prof. Fiona Scott Morton, former chief economist for the Justice Department’s Antitrust Division and the founder of the Thurman Arnold Project at Yale, to explain why antitrust violations are bad for consumers and how the government can respond.

    An illustration of a man in top hat stealing coins from birds
  • Facebook’s Dominance Is Built on Anti-Competitive Behavior

    In a new paper, Yale SOM’s Fiona Scott Morton writes that the company took control of the social media industry by misleading consumers and buying up rivals.

    An illustration of a Facebook logo as Pac-Man eating Instagram and WhatsApp logos