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Books

Explore the latest Stigler Center publications covering topics at the intersection of policy, law, and economics.

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The Merger Guidelines Symposium

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
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Turmoil in the Banking System

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
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The Debate Over Industrial Policy

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
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George Stigler, 50 Years Later

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