On July 19, 2023, the United States Department of Justice (DOJ) and Federal Trade Commission (FTC) jointly released their draft Merger Guidelines. The Merger Guidelines clarify and guide how the DOJ Antitrust Division and FTC (the agencies) review mergers and acquisitions for possible anticompetitive outcomes. The DOJ first released Merger Guidelines in 1968. The agencies most recently updated the guidelines for horizontal mergers in 2010 and for vertical mergers in 2020. The new guidelines address both horizontal and vertical mergers.The Merger Guidelines Symposium
Explore the latest Stigler Center publications covering topics at the intersection of policy, law, and economics.
The Stigler Center’s 2023 Antitrust and Competition Conference sought to answer the question: what lies beyond the consumer welfare standard? In collaboration with ProMarket, the Stigler Center published a series of papers on the topic as part of that debate.2023 Antitrust and Competition Conference: Beyond the Consumer Welfare Standard?
On March 10, 2023, U.S. regulators shut down Silicon Valley Bank after a run on its deposits. Several other banks, including Signature Bank, Credit Suisse, and First Republic Bank, had to be bought or shut down in the following weeks. This collection of articles from some of the world’s top economists, written and published as events unfolded, explore the reasons for the 2023 banking crisis, the failure of regulators and politicians to prevent this moment, and how governments and banks must reform their policies to prevent similar crises in the future.Turmoil in the Banking System
Industrial policy was once so out of fashion that it was jokingly called “the policy that shall not be named.” Now it’s back in a big way. On issues ranging from clean energy to semiconductors to COVID-19, governments are trying to improve the performance of key business sectors. Can they manage to do so without subverting competition and subsidizing special interests?The Debate Over Industrial Policy
Co-sponsored by the Stigler Center and the Healthcare Initiative at Chicago BoothThe Economics of US Healthcare: Competition, Innovation, Regulation, and Organizations
This report highlights the topics covered in the Stigler Center’s 2022 Antitrust and Competition Conference—Antitrust: What’s Next?, drawing from the conference panels and various other sources.2022 Antitrust and Competition Conference - Antitrust: What's Next? Conference Highlights
In 2021, to mark the 50-year anniversary of George Stigler’s seminal piece “The Theory of Economic Regulation,” the Stigler Center publication ProMarket published an e-book collection of articles commemorating this landmark article and assessing where his theory stands in today’s world.George Stigler, 50 Years Later
The Final Report and Policy Brief for the Stigler Center's 2019 Digital Platforms Committee, which spent over a year studying in-depth how Digital Platforms such as Google and Facebook impact: economy and antitrust laws; data protection; the political system; and the news media industry.Stigler Committee on Digital Platforms: Final Report