About this episode

Economist Brian Albrecht discusses a critical flaw in the critique of market power related to consumer harm in mergers.

Economist Brian Albrecht explains his discovery of a surprising--but critical--missing link in a popular argument against market power. Specifically, Brian shows that the standard work in this literature doesn't even allow consumer harm as a possibility of firms merging.

People in this episode

Host: Robert Murphy

Guest: Brian Albrecht

Topics covered

• market power
• economics
• consumer harm
• mergers
• economic critique

Keywords

• market power
• consumer harm
• mergers
• economics

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