Welfare

Making a Trendy Antitrust Welfare Normal that Integrates Submit-Chicago and Neo-Brandesian Targets

Darren Bush, Mark Glick, and Gabriel A. Lozada argue that the Shopper Welfare Normal  is inconsistent with fashionable welfare economics and {that a} fashionable method to antitrust may combine conventional Congressional targets as advocated by the Neo-Brandesians. Such an method might be the idea for an alliance between the post-Chicago economists and the Neo-Brandesians. Economists … [Read more…]

Antitrust Wants Higher Fashions for Estimating Social Welfare within the Digital Age

In a forthcoming article, Seth Benzell and Felix Chang discover how antitrust regulators can use insights from a brand new quantitative mannequin of Fb that Benzell developed with Avinash Collis to estimate social welfare beneath varied regulatory and antitrust eventualities. Benzell and Chang discover that interventions corresponding to taxes, mandated interoperability, and person rebates could … [Read more…]