Some Observations on Claims That Rising Market Power Is Responsible for US Economy Ills and That Lax Antitrust Is the Villain
15 Pages Posted: 23 Jul 2020
Date Written: June 29, 2020
This paper evaluates the recent literature claiming that the US economy has generally become less competitive causing the US economy to perform poorly and that lax antitrust policy is one important reason for the decline in economic performance. Although there certainly are empirical facts requiring further study, I conclude that the evidence does not support calls for dramatic changes in antitrust policy.
Keywords: market power, market concentration, antitrust, macro economics; economic performance
JEL Classification: L00, L1, L10, L11, L12, L13, L16, L4, L40, L41, L42, L43, L6, L7, L8, L9, L22
Suggested Citation: Suggested Citation