Static v. Dynamic Antitrust: A Reply

Abstract

Sanjukta Paul and Hal Singer (P&S) responded to my recent CPI Comment, “News Media Cartels are Bad News for Consumers,” which addressed the likely harm that would arise from the proposed Journalism Competition and Preservation Act, if passed. P&S criticize my conclusion that the legislation would likely harm competition and consumers on a variety of grounds. In this short reply, I address their central points and demonstrate that our disagreement largely, but not completely, arises from P&S restricting their analysis to a static view of markets and antitrust.

Keywords: antitrust, Journalism Competition and Preservation Act, competition, price fixing, Facebook, Google, online platform, publisher, collusion, cartel

JEL Classification: K2, K21, L4, L40, L82