Some Observations on Claims That Rising Market Power Is Responsible for US Economy Ills and That Lax Antitrust Is the Villain

15 Pages Posted: 23 Jul 2020

See all articles by Dennis W. Carlton

Dennis W. Carlton

University of Chicago - Booth School of Business; National Bureau of Economic Research (NBER)

Date Written: June 29, 2020

Abstract

This paper evaluates the recent literature claiming that the US economy has generally become less competitive causing the US economy to perform poorly and that lax antitrust policy is one important reason for the decline in economic performance. Although there certainly are empirical facts requiring further study, I conclude that the evidence does not support calls for dramatic changes in antitrust policy.

Keywords: market power, market concentration, antitrust, macro economics; economic performance

JEL Classification: L00, L1, L10, L11, L12, L13, L16, L4, L40, L41, L42, L43, L6, L7, L8, L9, L22

Suggested Citation

Carlton, Dennis W., Some Observations on Claims That Rising Market Power Is Responsible for US Economy Ills and That Lax Antitrust Is the Villain (June 29, 2020). Available at SSRN: https://ssrn.com/abstract=3638500 or http://dx.doi.org/10.2139/ssrn.3638500

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