Big Tech’s monopoly over online discourse threatens democracy. “Middleware” promises a path forward by adding competitive, customizable layers of recommendation algorithms. But can middleware decentralize social media without falling prey to old monopolistic patterns? In new research, Madhavi Singh argues that without targeted regulatory guardrails—including mandatory API access, structural separation, and stakeholder empowerment—even middleware could […]| ProMarket
In new research, Xuelin Li, Sijie Wang, Jiajie Xu, and Xiang Zheng find that the involvement of specialized venture capital firms influences a biotech startup’s drug portfolio by focusing research and development on fewer products.| ProMarket
In new research, Ryan Stones revisits the alleged disagreement between two influential schools of antitrust on how to handle big businesses. Instead of finding contrasting policy recommendations, he highlights a strikingly similar relaxation of attitudes toward enforcement in the Chicago School and Ordoliberalism in the post-war period.| ProMarket
ProMarket is the publication of the George J. Stigler Center for the Study of the Economy and the State at the University of Chicago Booth School of Business. ProMarket is an academic forum focused on topics of special interest capture, antitrust, political economy, and the future of capitalism. Economists have become increasingly technical and specialized, […]| ProMarket
