Causes, Consequences, and Policy Responses to Market Concentration
Philippon asserts that growth in aggregate measures of market concentration since the early 2000s is largely attributable to the weakening of competition. Lower levels of competition, Philippon argues, are directly due to lax antitrust enforcement and barriers to market entry.
Concerns About Concentration
Rose argues that highly aggregated measures of concentration across industries, which are used in many of the most provocative studies, cannot be used to draw conclusions about concentration dynamics due to a host of methodological challenges. Instead, industry-level studies are necessary to accurately assess causal relationships.
Brad Smith
BRAD SMITH, as Microsoft’s vice chair and president, is responsible for spearheading the company’s work and representing it publicly on a wide variety of critical issues involving the intersection of technology and society, including artificial intelligence, cybersecurity, privacy, environmental sustainability, human rights, digital safety, immigration, philanthropy, and products and business for non-profit customers. He leads ...