Economy

The Italian government is claiming a victory at the pump. Eni, the country’s largest oil company, has announced a 30-day cap on retail fuel prices. Italy’s second-largest fuel retailer, IP, …

Suppose a retailer charges $10 for a service. One customer values it at $11 and buys it. Another values it at $8 and walks away. The retailer sends the second …

The next serious competitor may be waiting for a license, or working on a product nobody has seen yet.  Neither shows up in today’s market-share figures. And much of the …

Marriage is a natural subject for law & economics scholars. From Gary Becker’s “A Treatise on the Family” (1981) to Margaret Brinig’s “From Contract to Covenant” (2000), scholars have expanded …

Power-plant rules do more than regulate pollution. They can also regulate competitors out of the market. That is the overlooked significance of the Environmental Protection Agency’s (EPA) recent repeal of …

Frontier artificial-intelligence (AI) labs may have good reasons to tap the brakes. The antitrust question begins when they all reach for the same pedal.  Anthropic CEO Dario Amodei’s proposal to …

Ask Brussels what ChatGPT is, and you get two answers. Under the Artificial Intelligence Act (AI Act), the European Union regulates it as artificial intelligence. On Aug. 31, the European …

The European Union’s Digital Markets Act (DMA) depends on two terms that lawmakers never defined. “Fairness” and “contestability” determine how the European Commission measures gatekeeper compliance, imposes new obligations, and …

The State of New Jersey’s antitrust case against Amazon begins with a serious allegation: that Amazon restricted drivers from moving among competing delivery contractors. But the state’s complaint goes much …

The trouble with chatbots is right there in the name: They talk. When that talk contributes to harm, policymakers face a deceptively difficult question. Should they seek rules that amount …