Showing archive for: “Labor & Monopsony”
Could the DOJ and FTC Reform Regulations that Harm Competition?
When many think about monopolies and unfair business practices, they typically picture large corporations squashing smaller rivals. But there’s another significant culprit restricting competition that gets far less attention: government regulations themselves. The Trump administration has in recent weeks taken the first steps toward reining in some of these regulations. The U.S. Justice Department (DOJ) ... Could the DOJ and FTC Reform Regulations that Harm Competition?
The Risks of Adopting Foreign Price Controls for Drugs
Recent reports indicate that President Donald Trump is urging House Republicans to adopt a “most favored nation” (MFN) policy for Medicaid drug purchasing, linking U.S. prices to the lowest rates paid by other countries. While the goal of reducing Medicaid costs is understandable—particularly amid growing concerns about drug affordability—relying on foreign pricing benchmarks would risk ... The Risks of Adopting Foreign Price Controls for Drugs
Justice Department Introduces ‘America First Antitrust’ Policy
Assistant U.S. Attorney General for Antitrust Gail Slater introduced what she called “America First Antitrust” in her first formal address as the U.S. Justice Department’s (DOJ) chief antitrust enforcer. Her remarks, delivered April 28 at Notre Dame Law School, argued that this policy centers on protecting individual liberty from both government and corporate tyranny. While details ... Justice Department Introduces ‘America First Antitrust’ Policy
Antitrust Applies to Unions as Well as to Employers
The Trump administration has signaled its interest in applying antitrust law to protect workers from harm. Business conduct that distorts competition in labor markets is, indeed, covered by the antitrust laws, and various labor-related antitrust-enforcement initiatives have been undertaken in recent years. In contrast, labor-union collective bargaining to improve wages and conditions of employment is ... Antitrust Applies to Unions as Well as to Employers
What Changes Might, and Should, a New FTC Majority Bring?
The question on everyone’s mind—that is, for those in antitrust law and economics, the question on everyone’s mind that’s about antitrust—is this: Where do we go from here? As it happens, the International Center for Law & Economics (ICLE) recently hosted a panel discussion on precisely that question. ICLE’s Geoff Manne moderated an excellent discussion ... What Changes Might, and Should, a New FTC Majority Bring?
Last-Minute Biden Labor-Antitrust Initiatives May ‘Have No Future’
The Federal Trade Commission (FTC) issued an unprecedented policy statement Jan. 14 titled “Exemption of Protected Labor Activity by Workers from Antitrust Liability,” which provides that the commission will not sue nonunionized workers who engage in certain potentially anticompetitive joint conduct. This statement could undermine competition and reduce consumer welfare, without providing any real benefits ... Last-Minute Biden Labor-Antitrust Initiatives May ‘Have No Future’
Perspectives on Industrial Policy: An Interview with Alden Abbott
From a broad perspective, could you provide us with an overview of the current global trend toward the implementation of industrial policy? In your opinion, what are the primary drivers behind the shift? Industrial policy has long been present in various forms, often manifesting as ad-hoc interventions and subsidies that affect market processes. What we’re ... Perspectives on Industrial Policy: An Interview with Alden Abbott
Launching a Conversation: Insights on Industrial Policy
We are excited to announce the launch of “Perspectives on Industrial Policy,” a new Truth on the Market symposium intended to gather insights from leading experts in economics, law, and public policy. This series aims to explore the promises and pitfalls of industrial policy at a time when it occupies a central role in political ... Launching a Conversation: Insights on Industrial Policy
A Possible Federal Role in Reducing State Red Tape
The incoming Trump administration’s commitment to reduce extremely costly regulatory burdens will feature the new Department of Government Efficiency’s (DOGE) evaluation of federal overregulation. But economic research indicates that harmful regulatory bloat exists at the state level, as well. The new administration may wish to propose solutions to state regulatory overreach that harms many Americans. Generic Overregulation at the State ... A Possible Federal Role in Reducing State Red Tape
Labor Antitrust: A Solution in Search of Evidence
The growing focus on labor-market power and antitrust enforcement has sparked important debates about both the empirical foundations and practical implementation of these emerging policy priorities. In a recent piece for ProMarket, Eric Posner argues that overwhelming academic evidence supports expanding antitrust scrutiny of labor markets—criticizing, in particular, the skepticism expressed by the Federal Trade ... Labor Antitrust: A Solution in Search of Evidence
Big Federal Antitrust Cases Heat Up
The U.S. Justice Department (DOJ) and the Federal Trade Commission (FTC) are advancing two major antitrust cases that will have significant implications for the American public. The DOJ, joined by eight states, announced Aug. 23 that it was suing RealPage Inc. for an “unlawful scheme to decrease competition among landlords in apartment pricing and to monopolize ... Big Federal Antitrust Cases Heat Up
FTC Noncompete Rule–and FTC Competition Rulemaking–Are on the Ropes
Judge Ada Brown of the U.S. District Court for the Northern District of Texas issued an Aug. 20 order effectively striking down the Federal Trade Commission’s (FTC) April 2024 rule barring noncompete clauses (“noncompetes”) in employment contracts. Ryan LLC, a global tax-services and software provider, had challenged the rule, which had been scheduled to take ... FTC Noncompete Rule–and FTC Competition Rulemaking–Are on the Ropes
