You've probably heard market power is rising in the US. Everything is going to hell!

If you've wondering about some of the empirical evidence, this newsletter is for you 👇
economicforces.xyz/p/what-we-know…

Booked

I feel people aren’t reading Thom’s quote closely (as maybe FTC didn’t)

*between the parties*

The joys of antitrust litigation

Europe Decline Alert:
The EU is at risk of missing the AI revolution;
- The most advanced AI system, Claude from Anthropic is available in Albania, Botswana or East Timor, but not in France, Germany or Austria
- ChatGPT now has memory.. BUT! not in the EU!!!

The law Econ blogosphere needs the words “the estimand underlying this estimator” more often.

I did my part

Is the US experiencing a High Tech boom? Decker and Haltiwanger (April 2024) document some important (and promising) facts (minithread):
1. A surge in new business entry since 2019. High tech industries account for a disproportionate share of that entry 1/3

Do Individuals Matter in Institutional Economic History? markkoyama.com/p/do-individua…

Yeah, 'lack of funding.' I'm sure that's why only 18 people signed up.

“While there’s increasing evidence that banning non-competes—at least the way that it’s been done—increases wages, it’s not conclusive,” Brian Albrecht —the chief economist at the Int'l Ctr Law & Econ —told The Dispatch.
thedispatch.com/newsletter/mor…

Interesting read from Brian Albrecht
economicforces.xyz/p/what-we-know…

The latest newsletter, all about markups

'In contrast, as economist Brian Albrecht points out, 'the FTC’s total ban of non-competes replaces the decision making of businesses and workers, as well as the oversight of state governments, with a one-size-fits-all approach.''
forbes.com/sites/aldenabb…

Are markups really rising? Is that a #competition problem?

As usual, a very informative thread (and post) by Brian Albrecht