Market Structures

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Combined, the two publishers made up 49% of the top 100 best-selling print books last year.

WASHINGTON (AP) — At a time of mega-mergers and flashy high-tech corporate hookups, the biggest U.S. book publisher’s plan to buy the fourth-largest for a mere $2.2 billion may seem somewhat quaint.

The Department of Justice has filed an antitrust suit to block the merger of two of the US's largest book publishers.

Eleven golfers, including Phil Mickelson and Bryson DeChambeau, have filed an antitrust lawsuit against the PGA Tour, with three of them also filing to gain entry into the FedEx Cup playoffs.

JetBlue Airways Corp is nearing a deal to buy Spirit Airlines that could be announced as soon as Thursday, a source familiar with the matter said, after Spirit canceled its $2.7 billion sale to Frontier Group Holdings .

Insulin management has improved dramatically over the past decade, but the price of insulin has nearly tripled. California has proposed a new solution to curb the price.

The world's largest automakers generate a staggering amount of revenue. In fact, in the time it took you to read this, Volkswagen earned over $50,000.

The billion-dollar all-star cheerleading industry, long dominated by Varsity Brands, is beginning to see glimmers of a more open market. The cracks of daylight follow a pair of foundational blows: …

Parmigiano Reggiano has used tracking codes for two decades, but now they are going high tech.

So how did we get here?

This morning the White House announced that 20 major internet service providers have committed to lowering the cost of internet access for low-income households who qualify for the federal subsidy of up to $30 per month (of $75 per month for tribal households).

“Last week I ran my "blind" taste test with econ faculty at @UTKnoxville, but I used chocolate bars instead of ice cream. Even among a potentially more refined palette, no one was able to rank the bars by price. This is one of my favorite lessons for monopolistic competition.”

[Good news, everyone! We were clearing out Quinns' stuff and we found something he was apparently too scared to publish. By way of showing respect, we've published it here in full.] I’ll be honest, I didn’t really want to write about this event. In the words of one of the…

Globally, the cost of mobile data ranges between $0.09 per GB up to $27 per GB. Here's how it breaks down in 150+ countries.

A court in the US has ruled that cheese does not have to come from the Gruyère region of Switzerland to be sold under this name.

Today's TED Talk takes a neuroscientific look at game theory. Here, how game theory applies to relationships and even kidney donations.

I love the US Post Service and so do nearly 90% of Americans. Of all the government agencies out there, it may be the one with the most bipartisan support. It plays an incredibly vital role in the American economy and yet doesn’t receive any direct taxpayer funds. It also isn't a public good.

Flight costs $80… but the overweight luggage costs $180, and we hope you packed a sandwich. Budget airlines like Spirit and Frontier are (in)famous...

The U.S. Treasury Department on Wednesday flagged concerns about consolidation in the $250 billion annual U.S. alcohol market and outlined reforms it said could boost competition and save consumers hundreds of millions of dollars each year.

The tie-up to create the nation's fifth largest carrier is valued at $6.6 billion when accounting for the assumption of debt and other liabilities.

Microsoft’s acquisition of Activision Blizzard was the biggest in history. Here we visualize the top 15 biggest gaming company acquisitions.

Martin Shkreli was condemned for raising Daraprim's price in 2015 by people like Donald Trump and Hillary Clinton.

Gruyere cheese does not have to come from the Gruyere region of Europe to be sold under the gruyere name, a federal judge has ruled.

It's part of the administration's broader antitrust crackdown, but industry groups have pushed back.

2021 was the year of broken supply chains, Amazon aggregators, more advertising, Shopify's almost-marketplace, and one unanswered question - did the pandemic boost e-commerce after all? For now, the world of marketplaces revolves around Amazon - it has doubled in size in two years. No one will challenge it directly, but a different paradigm might.

an interactive guide to the game theory of why & how we trust each other