Adil Abdela is a Research Associate at the Roosevelt Institute, where he researches market power and financialization. He assists Marshall Steinbaum, Lenore Palladino, and Mike Konczal in their research of financial reform, antitrust and competition policy, and the labor market. Prior to working at the Roosevelt Institute, he interned at the Department of the Treasury for the Office of Financial Stability. He earned his B.A in Economics at the University of Maryland, and is currently obtaining his M.P.S in Applied Economics there.
Public Comment to the Federal Trade Commission on the Preliminary Approval of the Staples-Essendant Merger
Roosevelt Research Associate Adil Abdela and Fellow Marshall Steinbaum submitted a public comment to the Federal Trade Commission (FTC), arguing against the preliminary approval of the Staples-Essendant merger. For more information on anticompetitive business practices see Powerless. For more information on a new standard for antitrust, see The Effective Competition Standard.
In partnership with the Economic Policy Institute, Roosevelt Research Associate Adil Abdela and Research Director and Fellow Marshall Steinbaum examine the impact of the proposed Sprint/T-Mobile merger on the labor market. Cutting the number of national players in the U.S. wireless industry from four to three, this move would escalate market power in the industry
One justification made by proponents of stock buybacks is that the practice is an effective way for funds to flow from companies that do not “need” the cash out to shareholders, who will then invest it in companies that are issuing new shares to finance firm activity. Does this explanation show up in the data?1
Since the 1970s, America’s antitrust policy regime has been weakening and market power has been on the rise. High market concentration—in which few firms compete in a given market—is one indicator of market power. From 1985 to 2017, the number of mergers completed annually rose from 2,308 to 15,361 (IMAA 2017). Recently, policymakers, academics, and
Since the 1970s, America’s antitrust policy regime has been weakening and market power has been on the rise. High market concentration—in which fewer firms exist in a given market—is one troubling symptom and cause of market power. From 1985 to 2017, we saw an increase in the annual number of mergers from 2,308 to 15,361.