Lancieri, Filippo Maria; Posner, Eric A.; Zingales, Luigi - 2022 - This version: July 29, 2022
Antitrust enforcement in the United States has declined since the 1960s. Building on several new datasets, we argue that this decline did not reflect a popular demand for weaker enforcement or any other kind of democratic sanction. The decline was engineered by unelected regulators and judges...