The great reversal-causes and implications of the rising corporate concentration in the US | 11 Dec

Bruegel event recordings

- Due to technical difficulties, there is no audio from 1:13-2:44 - Thomas Philippon presented his thesis on market concentration. He explained the reasons behind the rising corporate market power in the US and drew conclusions of the implications of this empirical finding on consumers, innovation, the functioning of markets and the economy as a whole. Specific questions that were addressed are: Are American markets giving up healthy competition? How does competition policy enforcement and regulation in the US compares with the EU? How can we ensure that markets are competitive and function without failures? How efficient are antitrust enforcement and regulation in the EU? What will be the implications of introducing geopolitical considerations in the EU competition policy following the debate around the Siemens/Alstom controversial merger case? The presentation was based on Thomas Philipon’s new book The Great Reversal: How America Gave Up on Free Markets.