Competition law in many jurisdictions defines its consumer welfare goal in terms of low consumer prices. For example, mergers are challenged when they threaten to cause a price increase from reduced competition in the post-merger market. While the consumer welfare principle is under attack in...

Recent progress in artificial intelligence (AI) – a general purpose technology affecting many industries - has been focused on advances in machine learning, which we recast as a quality-adjusted drop in the price of prediction. How will this sharp drop in price impact society? Policy will...

Fostering more-competitive labor markets /Joseph E. Stiglitz --The legal case for reform /Sharon Block and Benjamin Elga --Labor market competition: framing the issues /Jared Bernstein and Benjamin H. Harris --Fighting monopsony: a lack of competition that harms workers /Ioana Elena Marinescu -...