Open, competitive markets are a foundation of economic liberty. A lack of competition, meanwhile, can enable dominant firms to exercise their market power in harmful ways.
May
2025
For thoughtful engagement and comments, we are grateful to Scott Hemphill, William Kovacic, Fiona Scott Morton, Nancy Rose, Jonathan Sallet, Carl Shapiro, Sandeep Vaheesan, and Joshua Wright, as well as staff at the FTC and participants in the Symposium on Reassessing the Chicago School of Antitrust Law at The University of Chicago Law School. We also thank the editors of The University of Chicago Law Review for careful editing.
Open, competitive markets are a foundation of economic liberty. A lack of competition, meanwhile, can enable dominant firms to exercise their market power in harmful ways.